July 30 (Reuters) - U.S. stocks were set for a higher open on Thursday, as investors assessed a slew of economic data including an inflation reading, while Microsoft's forecast-beating results soothed investor concerns about massive AI spending by companies.
Individual stock moves
Microsoft Corp (MSFT.O): Jumps premarket as cloud surge, softer capex outlook fuel investor optimism.
Starbucks Corp (SBUX.O): Rises after lifting annual forecasts again.
Tumbles premarket as AI spending takes a toll on free cash flow.
Meta Platforms Inc (META.O):
Lam Research Corp (LRCX.O): Rises on upbeat Q1 revenue forecast.
Carvana Co (CVNA.N): Slumps after core profit forecast disappoints.
Fortinet Inc (FTNT.O): Jumps after lifting annual forecast.
Qualcomm Inc (QCOM.O): Warns of faster Apple sales erosion, shares fall.
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