NVIDIA led losses among major U.S. tech stocks in premarket trading on Thursday, as disappointing earnings from cloud infrastructure provider Oracle dampened risk appetite in the artificial intelligence sector.
In premarket trading, NVIDIA shares fell 1.8%. Other members of the "Magnificent Seven" tech giants also saw declines: Alphabet dropped 0.7%, Tesla declined 1.1%, Amazon slipped 0.9%, Meta fell 1%, Microsoft dipped 0.8%, and Apple edged down 0.1%.
Meanwhile, Nasdaq 100 futures declined 0.8%, recovering slightly from earlier lows, while S&P 500 futures fell 0.6%.
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