U.S. futures are trading higher as technology stocks stabilize following an overnight rout. Positive sentiment is also supported by strong U.S. economic data and easing geopolitical tensions with progress in US-Iran peace talks.
Stocks to Watch
- Micron Technology: Reports Q3 earnings after the market closes today. The stock's performance is being watched closely for its potential impact on AI sector sentiment.
- Cerebras Systems: Fell approximately 10% in after-hours trading due to concerns over weaker gross margins, despite doubling its Q1 revenue.
- Hertz: Shares plunged over 20% in pre-market trading after the company cut its guidance and announced new stock and debt offerings.
Looking ahead, Micron Technology's earnings report will be the key event to monitor, as it could set the tone for the broader AI and semiconductor sectors.