Meta shares surge 2% after reports of planned layoffs affecting up to 20% of staff, while National Storage Affiliates Trust jumps 25% following a $41.68-per-share acquisition deal. Meanwhile, Sable Offshore Group gains 6% after resuming oil transport via its California pipeline under the Defense Production Act. The broader market shows mixed momentum: S&P 500 futures gain 0.8%, Nasdaq 100 climbs 0.9%, and the MSCI World Index edges up 0.1%.

Tech heavyweights like Nvidia, Tesla, and Microsoft post modest gains, but the sector’s focus shifts toward AI infrastructure following Meta’s reported $27 billion five-year agreement with cloud provider Nebius.