Stock futures are edging higher in early trading after tech stocks lifted the Nasdaq to another record high; TSMC (TSM) reported strong July sales on demand for AI chips; Firefly Aerospace (FLY) shares are falling after the space company’s stock soared in its trading debut yesterday; Intel (INTC) CEO Lip-Bu Tan said he had the board’s support after President Donald Trump called for his resignation; Expedia (EXPE) shares are jumping after it reported higher bookings in the second quarter. Here’s what investors need to know today.

1. US Stock Futures Gain After Nasdaq Hit Another Record

Stock futures are moving higher in premarket trading after tech stocks surged in the prior session. Nasdaq futures are higher by 0.3% in early trading after the tech-focused index gained 0.4% yesterday to close at a record high. S&P 500 futures are also higher after the benchmark index slipped in the prior session, while Dow Jones Industrial Average futures are up by 0.2% after it fell 0.5% yesterday. The price of Bitcoin (BTCUSD) is little changed at just over $116,000. The yield on the 10-year Treasury note is slightly higher at 4.25%. Oil and gold futures are on the rise, with the price of gold hitting another record high.

2. TSMC Reports Strong July Sales on Demand for AI Chips

TSMC (TSM) reported a 22.5% revenue jump in July compared with the prior month as the chipmaker continued to rake in sales from booming AI demand. TSMC said July revenue came in at $323.17 billion New Taiwan dollars ($10.8 billion). For the year through July, TSMC’s revenue of $2.1 trillion New Taiwan dollars ($70.1 billion) reflected a 37.6% increase over its 2024 sales over the same period. TSMC shares are little changed in premarket trading after they gained more than 4% in the prior session amid optimism that the chipmaker could avoid higher chip tariffs due to its U.S. production facilities.

3. Firefly Aerospace Stock Falls After Surging in IPO

Shares of Firefly Aerospace (FLY) are trading lower by nearly 10% in premarket trading after the space tech company soared in its first session on Thursday. Firefly, which counts the government’s Space Force as a major client, ended its first trading session just above $60, up roughly 34% from its initial public offering price at $45 per share. The firm sold more than 19 million shares in the offering, raising roughly $868 million in proceeds, which the company said it plans to use in part to pay down debt. Firefly claims to be the first commercial firm to “achieve a fully successful soft-landing on the Moon” with its Blue Ghost lander in March.

4. Intel CEO Says He Has Board Support After Trump Calls for Resignation

Intel (INTC) CEO Lip-Bu Tan said he has the support of the company’s board after President Donald Trump called for his resignation. In a message to the company’s employees posted online, Tan said that he was engaging with the White House and that he shares Trump’s commitment to advancing U.S. national and economic security. Intel shares fell 3% in the prior session after Trump said that Tan was conflicted in his position. Intel shares are about 1% higher in premarket trading.

5. Expedia Stock Surges After Earnings Top Expectations

Expedia Group (EXPE) shares are jumping 16% in premarket trading after the travel booking service reported growing revenue and raised its full-year outlook on rising demand. Expedia reported a 6% year-over-year jump in quarterly revenue and 16% growth in adjusted net income, while its quarterly bookings were higher by 5%. The company also raised its outlook for total bookings in 2025 to reflect growth of 3% to 5%, up from its prior guidance of 2% to 4%.