US Futures Edge Lower Amid Market Caution

US stock futures declined on Friday as investor caution prevailed while while evaluating the outlook for artificial intelligence and related technologies. S&P 500 and Nasdaq 100 futures fell 0.2% and 0.5%, respectively. During Thursday’s regular session, the Dow climbed 1.08%, while the S&P 500 and Nasdaq Composite advanced 0.33% and 0.08%, respectively. The gains came as selling pressure on chip stocks eased after Nvidia CEO Jensen Huang defended the financial position of AI computing provider CoreWeave Inc. Companies such as CoreWeave have taken on substantial debt with backing from suppliers, including Nvidia, raising concerns that circular financing arrangements could be generating artificial demand. Meanwhile, Anthropic reportedly told investors that its third-quarter revenue stood at $16.8 billion. For the week, the tech-heavy Nasdaq Composite was on track to fall more than 2%, while the S&P 500 was down nearly 1%. The Dow was poised to post a weekly gain of around 1%.