U.S. stock markets witnessed gains in premarket trading on Monday, primarily driven by technology and semiconductor sectors, following a notable increase in Bitcoin prices.

Bitcoin Rally Boosts Crypto Stocks

Bitcoin prices rose above $63,000 for the first time in two weeks on Monday, resulting in a positive impact on crypto-related stocks. Several companies saw substantial gains: Strategy Inc rose by 5%, while Circle Internet Group, Riot Platforms, Marathon Digital, Coinbase, and HIVE Digital Technologies each recorded increases of over 3%. A softer-than-expected jobs report and easing inflation expectations contributed to the crypto surge, along with lighter trading volumes influenced by the holiday weekend.

Technology and Semiconductor Shares Perform Well

U.S. stock futures climbed on Monday, with traders returning from the long weekend. Notably, technology and semiconductor stocks dominated the market gains. Western Digital's shares increased by 4.5%, while Sandisk and Micron Technology recorded gains of 3.9% and 2.3%, respectively. Foxconn, the leading electronics manufacturer, announced a 40% rise in second-quarter revenue, which helped enhance sentiment across the tech sector.

Despite positive trends, Nvidia's stock experienced a modest increase of just 0.3%, while Apple shares dipped by 1%. Investors seemed to be focusing more on recently high-performing stocks rather than established tech giants. Additionally, Oracle shares advanced by 3.5% supported by favorable analyst ratings, and SpaceX experienced a 1.5% increase ahead of its inclusion in the Nasdaq 100 index on Tuesday.

Tesla Expands Services in Miami

Tesla shares rose by 2% as the company announced the expansion of its Robotaxi service to Miami, targeting western and central areas with its Model Y vehicles. The initiative, powered by Tesla's Full Self-Driving software, now positions the company in direct competition with Waymo in the autonomous vehicle sector. The launch in Miami follows last month’s successful rollout in Austin and comes on the heels of Tesla's record Q2 vehicle deliveries, which totaled 480,126 units.

Kosmos Energy Reports Strong Performance

Kosmos Energy's stock experienced a 5% increase after the company reported robust operational results. The J76 well in Ghana has added approximately 20,000 barrels of oil per day, boosting production at the Jubilee field beyond 85,000 barrels per day. The company has also reported nine LNG cargoes lifted from the Greater Tortue Ahmeyim project during Q2. Kosmos has notably reduced its net debt by over $400 million since the end of 2025, now standing at $2.56 billion, and remains on track to cut total debt by approximately 20% by the end of 2026.