FX.co ★ US Stock Futures Hold Higher

US equity futures rose on Wednesday, supported by strong earnings from AI-related companies. The S&P 500 edged higher, moving back toward last week’s record, while the Dow and Nasdaq 100 traded slightly above the flatline. CoreWeave jumped as much as 20% in premarket trading after reporting stronger-than-expected sales, and Super Micro Computer (SMCI) climbed nearly 10% following a revenue forecast that topped analyst expectations. Major cloud providers and chipmakers also advanced on the back of robust results from Tencent, while Temasek disclosed new positions in SK Hynix and Samsung. The news revived optimism around AI infrastructure stocks after a volatile start to the third quarter, lifting names such as Nvidia, Oracle, and Amazon.

At the same time, upcoming inflation data are expected to show core price growth slowing for a second straight month in July, potentially reducing pressure on the FOMC to raise interest rates at its next meeting. However, uncertainty surrounding the restoration of energy supplies from the Middle East kept inflation risks in focus.