US Stock Futures Dip as Amazon Disappoints with AI Projections
Major US stock futures opened slightly lower, with futures tied to the Dow Jones Industrial Average (YM=F) hovering around flatline, while S&P 500 (ES=F) and Nasdaq (NQ=F) futures declined by 0.1%.
Amazon's disappointing guidance on AI contributed to the decline, echoing similar projections from Google and other tech behemoths. The company's shares fell 4% after the bell following the release.
Despite the setbacks for established companies, AI has presented opportunities for others. Palantir (PLTR) gained 10% on Thursday, and Pinterest (PINS) surged 19% in extended trading after leveraging AI to boost ad revenue.
Amidst uncertainties surrounding tariffs and trade, investors have sought refuge in safe-haven assets such as gold, which reached record highs.
Meanwhile, President Trump's announcement regarding a loophole closure for hedge funds has drawn attention, while the January jobs report is expected to provide insights into the health of the US economy and labor market.
Chinese Tech Stocks Surge on AI Hype
In Hong Kong, Chinese tech stocks are approaching a bull market following excitement generated by DeepSeek's AI model. The Hang Seng Tech Index has gained 2.5%, pushing its year-to-date rise to 20%.
Amazon Acknowledges AI Capacity Challenges
Amazon has cautioned investors about potential limitations in meeting AI demand in 2025, despite plans to invest $100 billion in data centers, chips, and infrastructure to support AI services.