U.S. stock futures are pointing to a lower open, driven by investor concerns over Alphabet's aggressive AI spending plans and a weak forecast from Qualcomm. The market is also seeing a continued rotation from high-growth tech into value stocks as traders trim recent winners.
Stocks to Watch: * Alphabet Inc.: Shares slipped in pre-market trading after the company's guidance for 2026 AI-related capital expenditures, nearly double 2025's, raised investor concerns. * Qualcomm Incorporated: The stock tumbled significantly after its revenue and profit forecast for the upcoming quarter fell short of analyst estimates, pressuring the broader chip sector. * Broadcom Inc.: Shares rose in contrast to the market, benefiting from the prospect of increased AI infrastructure spending. * Amazon.com, Inc.: Reports earnings after the close today, with its own AI spending plans now under intense scrutiny following Alphabet's announcement.
Looking ahead, with no major economic data scheduled, the market's focus will remain on corporate earnings reports and the ongoing debate around AI capital expenditures.