AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Asian Currencies Hold Steady as Fed Outlook Offsets Middle East Tensions 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
Germany Producer Prices Rise 1.8% in June, Missing Forecasts 
European Earnings Season Gains Strength as Barclays Sees Broader Profit Recovery 
Wall Street Ends Lower as AI Selloff, Iran Tensions Weigh on Tech Stocks 
US Dollar Holds Near One-Week High as Middle East Tensions and Oil Prices Drive Market Sentiment 
Asian Stocks Rise as Oil Retreats on Iran Ceasefire Hopes Ahead of Key AI Earnings 
Asian Currencies Hold Steady as Middle East Tensions Boost US Dollar, Oil Concerns 
Asian Markets Cautious as Oil Tops $90, AI Earnings and Fed Rate Fears Weigh on Sentiment 
US-Iran Conflict Escalates as Gulf Attacks Threaten Global Oil Supply 
Houthi Naval Blockade on Saudi Arabia Escalates Iran Conflict, Threatens Global Oil Supply 
Brent Oil Jumps 16% for Best Week Since April as US-Iran Conflict Fuels Supply Fears 
Hong Kong AI Stocks Rally as Moonshot AI’s Kimi K3 Launch Boosts Market Optimism 
U.S. stock futures moved higher on Tuesday, led by semiconductor and technology stocks, as investors looked ahead to a busy week of corporate earnings that could determine whether the artificial intelligence-driven rally still has room to run.
As of 05:27 ET (09:27 GMT), Dow Jones futures gained 167 points, or 0.3%, while S&P 500 futures advanced 0.5%. Nasdaq 100 futures outperformed with a 1.3% rise, supported by renewed buying in AI-related and semiconductor shares after recent market weakness.
Investors are closely watching upcoming earnings from major technology and chip companies, with results expected to provide fresh insight into AI demand, corporate spending, and whether current stock valuations remain sustainable.
Among the biggest premarket movers, 3M surged 5.7% after reporting stronger-than-expected second-quarter earnings and raising its full-year profit outlook. The industrial giant posted adjusted earnings per share of $2.40 on adjusted sales of $6.5 billion, both above Wall Street estimates. Organic sales increased 5.4% year over year, while operating margins approached 25%, reinforcing confidence in the company's turnaround strategy.
General Motors slipped 1.3% despite beating analyst expectations with adjusted earnings of $3.57 per share on $48.0 billion in revenue. The automaker also raised its full-year adjusted EBIT and earnings guidance, but investors appeared to expect stronger signs of long-term growth.
Elsewhere, Ceragon Networks jumped 14% after announcing a five-year contract worth about $70 million with a major Asia-Pacific telecom operator to expand 4G and 5G infrastructure.
Workday fell 4.2% after Morgan Stanley downgraded the stock to "Underweight," citing concerns over slowing growth in its core human capital management business. MSCI dropped 6.7% after quarterly results failed to meet elevated investor expectations.
Equifax lost 8.5% after issuing weaker-than-expected guidance despite posting a slight earnings beat, while Danaher declined 8.4% as investors reacted to softer bioprocessing revenue and project delays, overshadowing better-than-expected quarterly earnings.
