US Stocks-Wall St futures edge up on Mideast deal hopes; healthcare in focus
SPY•AI-related earnings and chip stocks in focus
After Big Tech earnings in the previous week showed that AI investments were paying off, investors will be keen on how other major names in the AI space have been faring.
SpaceX will report on Tuesday its first quarterly report since its public debut, with the scrutiny on its AI spending and profits from its Starlink satellite communications network. Shares of the Elon Musk-backed company, which have been trading below their offering price of $135 for nearly three weeks, inched up 0.3%.
Other AI-linked companies reporting this week include Palantir, Advanced Micro Devices, and memory chipmakers SanDisk and Western Digital. Palantir was up 2.5%, while other stocks were little changed.
Micron dipped 1.3% after Reuters reported that Chinese rival CXMT is considering building a second memory-chip plant in Beijing and is in financing talks with a tech manufacturing hub backed by the local government.
