US stock futures were little changed on Wednesday as investors awaited another heavy slate of corporate earnings, with Alphabet, Tesla, GE Vernova, Philip Morris, and Texas Instruments among the key companies set to report. In extended trading, Super Micro Computer jumped nearly 20% after delivering stronger-than-expected profitability and announcing a record order backlog driven by robust demand for its AI-optimized servers. By contrast, Pegasystems sank more than 13% after the software firm reported second-quarter results that fell short of Wall Street forecasts.
During Tuesday’s regular session, the Nasdaq Composite gained 1.29%, while the S&P 500 and the Dow rose 0.89% and 0.74%, respectively. Chipmakers led the advance after strong export data from Taiwan and South Korea bolstered confidence in the semiconductor sector. Solid earnings from blue-chip names such as 3M and General Motors further eased worries about the health of corporate America.
