Nasdaq futures were climbing on Wednesday after AI-bubble fears prompted a two-day slide in tech shares.
"Many tech stocks have become overstretched," said RGA Investments. "Investors are coming to the realization that earnings expectations for tech stocks are high, creating a more difficult bar to clear when earnings season re-starts in July, and we would characterize this pullback as a recalibration of expectations."
Investors are now turning their eyes to Micron's third-quarter results, set to be released after the closing bell.
Meanwhile, oil prices fell on signs that shipping activity through the Strait of Hormuz is gradually resuming, with international authorities reporting improved safety conditions.
"Although negotiations remain complex
