US stock futures are pointing to a higher open this morning, attempting a rebound from a recent tech-led sell-off. Global markets remain mixed, however, with ongoing concerns about AI spending and economic weakness in China influencing investor sentiment.
Stocks to Watch
- Oracle Corporation: Shares are down in pre-market trading after the company disclosed significant spending on artificial intelligence infrastructure.
- Micron Technology, Inc.: Reported strong quarterly earnings yesterday after the bell, with revenue up sharply year-over-year, driven by high demand for its AI-related products.
- Accenture plc: Beat earnings and revenue expectations in its latest report this morning, indicating continued strength in the IT services sector.
- NVIDIA Corporation: The stock remains under pressure after falling yesterday amid a broader pullback in technology stocks and skepticism over AI investment returns.
- Nike, Inc.: Is scheduled to release its quarterly earnings report after the market closes today, with analysts anticipating a notable move in its stock price.
With a quiet economic calendar today, market direction will likely be guided by company-specific news and the overall performance of the technology sector. All eyes will be on Nike's earnings report after the closing bell.