Investing.com - U.S. stock futures advanced on Friday, as investors gauged hopes for a peace deal between the U.S. and Iran as well as anticipation surrounding SpaceX’s highly awaited initial public offering.

By 08:17 ET (12:17 GMT), the Dow futures contract had risen by 0.64%, S&P 500 futures had gained 0.5%, and Nasdaq 100 futures had advanced 0.5%.

Artificial intelligence-linked stocks were among the strongest performers in premarket trading, supported by continued demand for data center infrastructure and computing capacity.

Sharon AI Holdings shares surged 25% after the company announced a six-year strategic compute collaboration with Nvidia. Under the agreement, the two firms plan to deploy 72 megawatts of new data center capacity in Australia, scaling up to 40,000 Grace Blackwell GB300 GPUs to support AI startups, enterprises and university researchers.

Medline Inc (NASDAQ: MDLN) shares slipped 2% after multiple law firms launched securities fraud investigations related to the company’s disclosures surrounding an FDA warning letter issued earlier this month. The warning cited manufacturing practice violations, including shortcomings in contamination investigations and cleaning procedures.

Sailpoint Inc (NASDAQ: SAIL) shares fell 1.9%, extending recent losses after the identity security company issued fiscal second-quarter and full-year guidance that disappointed investors despite reporting first-quarter earnings and revenue ahead of expectations earlier this week.

New Oriental Education & Technology (NYSE: EDU) rose 3.8% after Goldman Sachs upgraded the Chinese education provider to Buy from Neutral and assigned a 12-month price target of $65. The bank cited attractive valuation levels and potential upside relative to peers in China’s internet and consumer sectors.