U.S. stock futures slip as Tesla and Meta earnings test AI valuations

au.investing.com —

U.S. stock futures fell Wednesday evening as investors weighed quarterly results from Tesla and Meta, with attention focused on whether heavy AI spending justifies high technology sector valuations. S&P 500 futures dropped 0.4%, while Nasdaq 100 futures slipped 0.7%. Tesla shares fell over 3% in extended trading despite beating earnings and revenue estimates, as heavy investment in AI and robotaxis weighed on profitability. Meta shares rose over 2% after reporting stronger-than-expected revenue and a positive outlook, supported by advertising growth. Earlier Wednesday, U.S. equities gained support from strong results from SpaceX and Super Micro Computer, with the NASDAQ Composite rising 1.1%. Investors also monitored elevated oil prices above $110 a barrel and interest-rate risks ahead of the Federal Reserve's meeting next week.


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