US equity futures were mixed on Tuesday, with steep losses in AI-related stocks counterbalanced by resilience in other sectors, as investors positioned for a wave of major earnings amid uncertainty over global energy supplies.
Nasdaq 100 futures fell 1%, while S&P 500 contracts declined 0.3%. Reports that OpenAI failed to meet its own user-acquisition and sales targets intensified recent doubts over whether the rapid surge in AI-related capital expenditure is justified. The concerns fueled broad-based selling across both software names and hardware manufacturers.
Oracle and CoreWeave each traded about 7% lower in pre-market activity, while Nvidia slipped 2%. Shares of other large-cap technology “hyperscalers” — Meta, Microsoft, and Alphabet — were also lower ahead of their earnings releases, all scheduled after tomorrow’s closing bell.
By contrast, Dow futures edged higher, supported by traditional and defensive sectors. Still, elevated energy prices linked to the ongoing conflict and the prospect of restrictive monetary policy remained key headwinds for the US economic outlook.
