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US stock futures wobbled on Friday as concerns over the AI trade lingered following a sharp sell-off in technology stocks (XLK), prompting investors to seek safety in bonds.

US stock futures fell on Thursday, led by the technology (XLK) sector, as investors digested earnings from EV maker Tesla (TSLA) and social media giant Meta (META).

SpaceX (SPCX) reported highly anticipated third-quarter results on Tuesday after the bell.

U.S. stock futures swung between gains and losses on Tuesday as the Dow Jones index rose, while the S&P 500 and Nasdaq 100 indices fell, following Monday’s mixed close.

After a busy first proper week of earnings that saw a relatively mixed picture out of the big banks, attention turns to the tech trade, where Meta (META), SpaceX (SPCX), and Tesla (TSLA) will all report results.

CoreWeave Inc. has become ground zero in a tug of war between investors who see rising bond yields as a potential rally killer for the AI trade and those who think demand for computing power will make those concerns seem passé before long.