Rising technology stocks helped U.S. indexes recover more of their holiday-season slide that bridged the new year.

Stocks are running in premarket trading on Monday. Here's a look at major indexes as of 8:50 a.m. ET: Nasdaq Futures: Up 205.25 (+.95%) S&P 500 Futures: Up 45.25 (+.76%) Dow Jones Futures: Up 184 (+.43%) The big story in premarket trading is that NVIDIA (Nasdaq: NVDA) and chip stocks are up big.

The S&P 500 moved into positive territory for the month after snapping its longest losing streak since April last week.

Nvidia stock closed at a new record Monday as global chip stocks picked up momentum and investors prepared to hear from Nvidia CEO Jensen Huang. The chip giant's stock added 3.4% to $149.43, its first record close since November.

Chip stocks including Nvidia, Micron, and ASML surged on Monday after Foxconn reported record fourth quarter revenue, pointing to strong AI demand.

Nvidia Chief Executive Jensen Huang is set to deliver the opening keynote speech at CES later on Monday and will likely unveil new videogame chips and detail efforts to parlay the company's success in artificial intelligence into other markets outside of the data center.

Nvidia Corp. investors have high hopes that Monday’s speech from CEO Jensen Huang will spark a fresh breakout in the chipmaker’s shares, which just ended at their first record close since November.Huang is set to take the stage Monday evening at the closely-watched CES trade show in Las Vegas.