06.02.202611:26:26UTC+00US Stocks Set to Rebound

U.S. equity futures showed signs of recovery on Friday following significant declines during the previous session, as fears surrounding AI-driven disruptions began to subside. The S&P 500 futures climbed 0.6%, Nasdaq 100 futures increased by 0.8%, and Dow Jones futures rose almost 180 points, rebounding from Thursday's losses exceeding 1%. The resurgence was primarily led by AI-related stocks, with Nvidia rising by 3.4%, Broadcom gaining 3.2%, AMD increasing by 3.9%, and Micron Technology advancing by 4%. Stocks associated with cryptocurrencies also saw a boost as digital assets made a comeback, with Coinbase surging 6.1%. Meta edged up by 0.2%, Tesla grew by 2.2%, and Qualcomm increased by 0.7%. Conversely, Amazon's shares dropped nearly 8% in premarket trading after the company disclosed plans to invest $200 billion into AI infrastructure this year, a rate of expenditure that surpassed its cloud revenue growth. Apple shares decreased by 0.7%, and Alphabet saw a minor dip of 0.3%. Overall, for the first week of February, the S&P 500 experienced a decline of about 2%, the Nasdaq fell approximately 4%, while the Dow Jones remained relatively stable.