US Futures Advance on Strong Corporate Earnings
US stock futures moved higher on Wednesday as investors welcomed robust corporate earnings, with artificial intelligence-related stocks leading gains. Nasdaq 100 futures rose 0.7%, while S&P 500 futures gained 0.2%. In after-hours trading, Super Micro Computer surged more than 15% following strong preliminary results, lifting expectations for AI spending and driving gains across the sector. Hardware manufacturers Dell Technologies and Hewlett Packard Enterprise, along with neocloud providers CoreWeave and Nebius Group, also advanced. Meanwhile, SpaceX shares jumped 8% after the company reported a 161% increase in third-quarter revenue to $14.58 billion. Elon Musk also revealed that SpaceX and Tesla had established special committees to explore a potential merger. In contrast, Netflix shares fell more than 5% after the streaming company posted its slowest sales growth in three years and projected a fourth consecutive quarter of decelerating growth.
US stock futures moved higher on Wednesday as investors welcomed robust corporate earnings, with artificial intelligence-related stocks leading gains. Nasdaq 100 futures rose 0.7%, while S&P 500 futures gained 0.2%. In after-hours trading, Super Micro Computer surged more than 15% following strong preliminary results, lifting expectations for AI spending and driving gains across the sector. Hardware manufacturers Dell Technologies and Hewlett Packard Enterprise, along with neocloud providers CoreWeave and Nebius Group, also advanced.
Meanwhile, SpaceX shares jumped 8% after the company reported a 161% increase in third-quarter revenue to $14.58 billion. Elon Musk also revealed that SpaceX and Tesla had established special committees to explore a potential merger. In contrast, Netflix shares fell more than 5% after the streaming company posted its slowest sales growth in three years and projected a fourth consecutive quarter of decelerating growth.