Dow Futures fell 0.01%, S&P 500 Futures rose 0.02%, Nasdaq Futures fell 0.08%, mixed.
Drone stocks rose in overnight trading, with Unusual Machines Inc (UMAC) jumping 11.08%, Kratos Defense & Security Solutions (KTOS) advancing 5.60%, AeroVironment gaining 4.23%, Red Cat Holdings Inc. (RCAT) rising 3.32%, Ondas Holdings Inc. (ONDS) ticked up 2.34%.
Space stocks was mixed in overnight trading, with Virgin Galactic rallying 13.47%, Sidus Space Inc. (SIDU) gaining 3.67%, Redwire Corp. declining 2.16%, Destiny Tech100 Inc (DXYZ) rising 2.00%.
Chip stocks was mixed in overnight trading, with SUPER MICRO COMPUTER INC (SMCI) climbing 10.58%, ARM Holdings rising 1.68%, Micron Technology (MU) advancing 1.64%, Cerebras Systems gaining 1.55%, Seagate Technology PLC (STX) rising 1.28%, Marvell Technology (MRVL) slipping 1.22%, Direxion Daily Semiconductors Bull 3x Shares (SOXL) ticked up 1.09%, Broadcom rising 1.06%.
Dell Technologies Inc. (DELL) surged 38.93% on blowout earnings and AI growth. Hewlett Packard Enterprise (HPE) rallied 21.28% on upgrades and Dell’s AI results.
NetApp rallied 14.47% on earnings beat and raised guidance.
Okta rose 8.32% on Q1 beat and raised guidance.
Credo Technology Group Holding Ltd (CRDO) climbed 2.43%. Oracle gained 4.01% on strong results and target hike. ServiceNow advanced 3.96%. T1 ENERGY INC gained 2.59%. BlackBerry jumped 5.58%. IBM ticked up 2.06%.
Autodesk fell 6.74% on cautious full-year outlook and deal.
Elastic reported fourth quarter results that exceeded analyst expectations, but shares sank 9.74% as the company’s first quarter earnings guidance disappointed investors.
Gap cut its annual sales forecast on Thursday and American Eagle Outfitters kept its annual comparable sales view intact, failing to reassure investors as cautious U.S. consumers kept apparel demand pressured. Shares of Gap plunged about 15% in overnight trading, while those of American Eagle fell more than 11%.
Cybersecurity company SentinelOne forecast second-quarter revenue below analysts' expectations on Thursday and said it would cut about 8% of its workforce as it looks to invest in growth areas such as AI, data and cloud. The shares sank 15.76%.