U.S. Stock Futures Mixed Amid Palantir-Led Tech Selloff
U.S. equity futures diverged early Wednesday as Palantir Technologies' post-earnings slump continued to reverberate through AI-related stocks. The Nasdaq 100 and S&P 500 futures dipped 0.19% and 0.06% respectively, while Dow Jones futures edged up 0.17% at 3:52 a.m. EST.
Tuesday's session saw broad-based declines across major indices, with the S&P 500 dropping 1.2% and Nasdaq Composite tumbling 2% as Michael Burry's bearish bets against Palantir and AMD amplified valuation concerns. The market's tech reckoning unfolded despite AMD's earnings beat, overshadowed by Super Micro Computer's disappointing results and Pinterest's 20% plunge after missing estimates.