US stock futures were little changed on Wednesday as investors awaited another busy round of corporate earnings, with Alphabet, Tesla, GE Vernova, Philip Morris, and Texas Instruments among the major companies scheduled to report.
In extended trading, Super Micro Computer surged nearly 20% after posting stronger-than-expected profitability and unveiling a record order backlog driven by robust demand for its AI-optimized servers.
Meanwhile, Pegasystems tumbled more than 13% after the software firm delivered second-quarter results that missed Wall Street estimates.
During Tuesday’s regular session, the Nasdaq Composite advanced 1.29%, while the S&P 500 and Dow rose 0.89% and 0.74%, respectively.
Chipmakers led the rally after strong export data from Taiwan and South Korea boosted confidence in the sector.
Solid earnings from blue-chip companies, including 3M and General Motors, also helped ease concerns about the strength of corporate America.