The Dow Jones opened up 1.2%, the S&P 500 up 1.0%, and Nasdaq futures up 1.2%.

Arm rose 10.6%, released its first self-developed chip, claiming that the chip will bring in $15 billion in revenue. Robinhood rose 3.8% and plans to buy back $1.5 billion in stocks. Intel rose 3.7%, AMD rose 2.8%, and will increase prices for the entire CPU lineup. Blaize soared 42.3%, exceeding expectations for Q4 performance. EchoStar rose 4.8%, SpaceX is about to submit an IPO application, and EchoStar holds 3% of its shares.