Sandisk and Western Digital shares tumble after earnings, dragging Nasdaq futures down 0.4% ahead of market open.
Dow Jones Industrial Average futures climbed 0.3% Thursday, while S&P 500 futures rose 0.2%, as investors digested mixed earnings from AI memory-chip makers. Nasdaq-100 futures fell 0.4%, led by sharp declines in Sandisk (SNDK) and Western Digital (WDC) following their quarterly reports.
The Dow had earlier hit a record high, buoyed by Nvidia, but tech-heavy Nasdaq faced pressure from underperforming chip stocks. Prior sessions saw similar divergence, with AI-related stocks driving volatility amid shifting investor sentiment.
Markets await further earnings reports to gauge sector momentum, with futures indicating a cautious open.