FX.co ★ US Futures Steady Ahead of Micron Results

US stock futures were little changed on Wednesday as investors awaited Micron Technology’s earnings report, with the memory chip sector continuing to ride the momentum from the global build-out of AI infrastructure. Micron shares rose more than 1% in after-hours trading, while rival Sandisk gained about 1%, both clawing back a fraction of the more than 13% they each lost in Tuesday’s regular session. Elsewhere, shares of Google parent Alphabet advanced roughly 0.5% after S&P Global announced the stock will be added to the 30-member Dow Jones Industrial Average before trading begins next Monday. In the prior session, the S&P 500 fell 1.44%, the Nasdaq Composite dropped 2.21%, and the Dow edged down 0.09%. The selloff was led by AI infrastructure names, including semiconductor and memory chip makers, as investors grew more wary that the massive AI spending by hyperscale operators may yield weaker-than-anticipated returns.