Stock futures were mixed on Wednesday as the tech rally took a breather even after Samsung Electronics reported an expected huge surge in profit.
The South Korean memory-chip maker projected a 19-fold surge in second-quarter operating profit , but investors need confident guidance, durable pricing power and proof that AI demand is still accelerating, Saxo Markets said.
Swissquote said Samsung's stock slide despite exceptional earnings was a reminder that, in richly valued markets, meeting expectations is no longer enough.
Futures contracts tied to the Nasdaq-100 were down, with shares in SpaceX slipping ahead of the rocket maker's inclusion in the index today.
Meanwhile, oil prices were edging higher after Iran's Islamic Revolutionary Guard Corps fired missiles at two commercial ships near the Strait of Hormuz.
