US stocks-Wall St set for higher open on Mideast deal hopes; healthcare in focus

After earnings from Amazon and Microsoft last week alleviated some concerns about the lack of evidence that elevated AI spending is paying off, investors will be keen on how other major names fare.

SpaceX will report on Tuesday its first quarterly results since its public debut, with scrutiny on its AI spending and profits from its Starlink satellite communications network. Its shares, which have been trading below their $135 offering price for nearly three weeks, eased 1.4%.

Other AI-linked companies reporting this week include Palantir, Advanced Micro Devices, and data storage companies SanDisk and Western Digital.

Palantir gained 2.9%, while AMD lost 2.3%; SanDisk and Western Digital lost over 3% each, while software stocks on the Dow such as Salesforce and Microsoft gained 3% and 2%, respectively.

Micron lost 3.9% after Reuters reported that Chinese rival CXMT is considering a second memory-chip plant in Beijing and is in financing talks with a tech manufacturing hub backed by the local government.