05.11.202511:42:56UTC+00US Futures Dip on AI Valuation Jitters

On Wednesday, US stock futures registered declines: S&P 500 futures fell by 0.3%, Nasdaq 100 futures dropped 0.6%, and Dow Jones futures slipped almost 40 points, continuing their downward trend from the previous session. Concerns over the valuation in the AI sector persisted following underwhelming results from AMD and Super Micro Computer. Specifically, AMD's premarket trading saw a nearly 5% drop after releasing a revenue forecast that failed to satisfy investor expectations, while Super Micro Computer experienced a 9% plunge due to a weaker-than-anticipated earnings outlook for the current period. Nvidia's shares decreased by 1.2%, and Qualcomm showed a minor dip of 0.2% ahead of its earnings announcement scheduled after the market's close. Conversely, McDonald's reported a 0.4% gain in anticipation of their earnings disclosure before the market opened. Meanwhile, investors awaited the ADP employment report for further insights into labor market conditions, as the ongoing government shutdown marked the longest in US history.