Dow Futures rose 0.06%, S&P 500 Futures fell 0.63%, Nasdaq Futures fell 1.53% as sentiment skewed risk-off amid tech weakness.
Intel fell 22.54%. Shares plunged after disappointing quarterly results and a weaker PC outlook.
Reddit fell 17.95%. The drop followed soft fourth-quarter guidance and pressure from declining search traffic.
Amazon.com fell 6.49%. Revenue and EPS missed as heavier AI spending weighed on free cash flow.
Coinbase Global, Inc. (COIN) fell 4.91%. Results showed a revenue miss, with profit aided by crypto investment gains.
Coherent fell 5.71%. Fresh analyst target cuts prompted profit-taking ahead of earnings.
Marvell Technology (MRVL) fell 4.23%. Ongoing Lumentum deal talks drew valuation scrutiny.
Chip stocks fell, with ARM Holdings falling 7.11%, Advanced Micro Devices (AMD) falling 6.19%, SUPER MICRO COMPUTER INC (SMCI) falling 3.75%, Lam Research falling 3.06%.
Memory chip stocks fell, with Western Digital falling 3.67%, Seagate Technology PLC (STX) falling 3.56%, Micron Technology (MU) falling 3.45%.
Optical communication stocks fell, with Applied Optoelectronics (AAOI) falling 6.68%, AXT Inc falling 5.54%, Credo Technology Group Holding Ltd (CRDO) falling 5.45%, Corning falling 4.80%.
Software stocks fell, with Tempus AI falling 4.55%, Oracle falling 3.55%, Cloudflare, Inc. falling 2.75%, Datadog falling 2.05%.
Among other individual movers, Gilead Sciences rose 2.71%, Amgen climbed 2.02%, Ondas Holdings Inc. (ONDS) fell 4.65%, Vertiv Holdings LLC (VRT) slid 4.49%, Teradyne dropped 3.15%, IONQ Inc. declined 2.90%, Hims & Hers Health Inc. (HIMS) retreated 2.83%, Vistra Energy Corp. (VST) slipped 2.08%.
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