S&P 500, Nasdaq futures fall after AI-fueled sell-off, with Google earnings on deck

February 4, 2026

S&P 500, Nasdaq futures fall after AI-fueled sell-off, with Google earnings on deck

Breaking News

Image source: Unsplash.



US stock futures hit the buffers on Wednesday as AI disruption fears continued to drive a shift out of high-flying technology names, while gold and silver pushed higher again.

Contracts on the tech-heavy Nasdaq 100 futures slipped 0.2%, while S&P 500 futures were broadly flat.

Dow Jones Industrial Average futures nudged 0.1% higher as investors continued rotating out of growth stocks and into value.

Technology stocks took the brunt of the selling on Tuesday, with Nvidia and Microsoft each closing more than 2% lower. Overall, the technology sector posted losses of more than 2% within the S&P 500. Yahoo Finance reports.

EdgeUp

🚁 ONDS stock rises premarket: what is driving the stock up?

Ondas stock is set to gain for a third straight session if premarket gains hold and bolster the stock’s already optimism-fueled rally.

Ondas Holdings stock rose nearly 1% in Wednesday’s premarket trading and is poised for a third straight session of gains after the company said that its Wasp drone was invited to compete in Phase I of the Drone Dominance Program.

“We are happy to see our Wasp Invited to Compete in Phase I of the Drone Dominance Program via @AmericanRobotic's partnership with WS Darley & Co. On to the Gauntlet!” Ondas said in a post on X. StockTwits reports.


🧠 ‘Get me out’: Traders dump software stocks as AI fears erupt

Wall Street has been skeptical about software stocks for a while, but sentiment has gone from bearish to doomsday lately, with traders dumping shares of companies across the industry as fears about the damage that could be caused by artificial intelligence pile up.

“We call it the ‘SaaSpocalypse,’ an apocalypse for software-as-a-service stocks,” said Jeffrey Favuzza, who works on the equity trading desk at Jefferies. “Trading is very much ‘get me out’ style selling.” Yahoo Finance reports.


💊 Merck stock hitting highs into earnings – eyes on breakout

Merck’s stock price hit a new high of $113.89 ahead of this morning’s earnings report, raising expectations leading in.

With the stock having added an impressive 41.96% over the past six months of trading, bullish momentum is clearly with the name ahead of the print, with a glance at the chart showing clear signs of a breakout.

The quarter provides the read on whether management can credibly frame a post-Gardasil-China and pre-Keytruda-LOE runway after a year in which the stock gained 13% while consensus EPS expectations compressed from $9.13 to $8.89.

Consensus sits at $2.01 to $2.04 adjusted EPS and $16.1 billion to $16.2 billion in revenue, both positioned to meet the company’s most recent full-year 2025 guidance midpoint of $64.75 billion in sales and $8.96 adjusted EPS. AskTraders reports.


🧠 AMD stock rallying into earnings – is a break above $250 resistance on the cards?

Advanced Micro Devices stock is currently trading at $244.67, 0.63% lower on the session ahead of earnings.

Despite this slight dip, the stock has demonstrated substantial growth over the past year, rewarding investors with a 114.3% increase.

The question now is whether AMD can sustain this momentum and break through the $250 resistance level with earnings due after the closing bell.

The market anticipates strong results, with analysts looking for revenue of $9.67 billion. This represents a significant 26.28% year-over-year increase.

Earnings per share are also expected to show robust growth at $1.32, compared with $1.09 this time last year. AskTraders reports.


🏗️ What's behind Inno Holdings' 32% after-hours surge?

Inno Holdings Inc. shares rose 31.90% in after-hours trading on Tuesday, reaching $1.53.

It closed the regular session at $1.16, up 3.57%, according to Benzinga Pro data.

The company reported first-quarter fiscal revenue of $1.46 million for the three months ended Dec. 31, 2025, up from $196,000 a year earlier, according to a Securities and Exchange Commission filing dated Tuesday.

Net loss attributable to shareholders narrowed to $28,618, or 1 cent per diluted share, from $603,697, or $5.21 per share, in the first quarter of fiscal 2025.

Gross profit for the Hong Kong-based building technology company totaled $74,135, compared with $16,000 a year earlier. Benzinga reports.


🖥️ Why Super Micro Computer shares are trading higher by over 10%

Shares of Super Micro Computer Inc rose sharply in pre-market trading after the company posted better-than-expected results for its second quarter.

Super Micro Computer reported quarterly earnings of 69 cents per share, which beat the analyst consensus estimate of 49 cents by 41.68%, according to data from Benzinga Pro.

Quarterly revenue came in at $12.68 billion, which beat the Street estimate of $10.22 billion and was up from $5.68 billion in the same period last year. Benzinga reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Stock Analysis reports.


1) CIGL: Concorde International Group Ltd.
Total gain: +57.78%

2) SLAB: Silicon Laboratories Inc.
Total gain: +24.87%

3) ENPH: Enphase Energy, Inc.
Total gain: +23.79%

4) APPS: Digital Turbine, Inc.
Total gain: +22.47%

5) EGHT: 8x8, Inc.
Total gain: +18.68%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on February 3.
Stock Analysis reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) POAS: Phaos Technology Holdings (Cayman) Limited
Total gain: +33.07%
The stock appeared to be moving on no notable news.

2) ATCX: Atlas Critical Minerals Corporation
Total gain: +28.97%
The stock appeared to be moving on no notable news.

3) CGTL: Creative Global Technology Holdings Limited
Total gain: +27.64%
The stock appeared to be moving on no notable news.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


GSK: GSK
Q4 2025
Before Market Open
Estimate: 0.640
Actual: 0.680

UBS: UBS Gr
Q4 2025
Before Market Open
Estimate: 0.500
Actual: 0.370

NVO: Novo Nordisk
Q4 2025
Before Market Open
Estimate: 0.890
Actual: 0.940

Today’s Economic Dates

Time (ET) / Report / Period

8:15 AM - ADP employment - Jan.
9:45 AM - S&P final U.S. services PMI - Jan.
10:00 AM - ISM services - Jan.


Parting Thoughts

“The four most expensive words in the English language are, ‘this time it’s different.’”

– Sir John Templeton

Sourced in: Sir John Templeton quotes – Fidelity.

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