Futures Flat As Tech Slides After Memory Stocks, Korea Tumble
US stock index futures were mixed, with S&P futures up 0.1% and Nasdaq futures down 0.5% as Sandisk (SNDK) fell about 9% and Western Digital (WDC) about 15% after earnings and weaker memory outlooks. Tech and AI names also dropped on results or guidance misses, while Mag 7 were mixed. Asian markets declined after chip-related losses, and investors awaited US payrolls.
How this was made
The 30-second read
Why it matters
The newest actionable information is the cluster of premarket earnings and guidance reactions, especially Sandisk and Western Digital forecast misses that renew memory-trade concerns. It also notes a separate macro catalyst (Friday payrolls) and an energy/geopolitics development (Iran-Oman shipping route) that can influence rates and risk appetite.
Market read
Traders get a same-day read-through from multiple earnings/guidance prints, with memory/storage guidance misses driving a tech-led risk-off tone while select software and energy names move on beats.
What to watch
The article also flags Friday payrolls as a key macro driver; tech guidance misses may be amplified or muted depending on rates reaction.
Background
The piece is a morning futures and premarket wrap highlighting tech weakness after several companies reported earnings and issued guidance below or above consensus.
Ticker impact
Sandisk shares are down about 9% premarket after its first-quarter revenue forecast missed the average analyst estimate.
Bearish bias for the next session(s) until analysts digest the forecast gap.
The article cites a specific revenue forecast miss tied directly to the premarket move.
Western Digital is down about 16% premarket after its first-quarter revenue forecast missed consensus at the midpoint.
Further downside risk versus peers if the market treats this as a sector reset.
The text links the move to a concrete forecast miss and explicitly frames it as renewing concerns.
AppLovin is down roughly 19% premarket after Q2 revenue and its adjusted EBITDA outlook came in below consensus.
Likely continued weakness while investors reprice growth and profitability expectations.
The article provides both the earnings miss and below-consensus forecast details.
Datadog is down about 17% premarket after Q2 adjusted gross margin trailed estimates and guidance was not strong enough.
Bearish near-term tape risk until management clarifies drivers on the next call.
The article cites margin miss and guidance weakness but lacks specific forward numbers.
Celsius is down about 17% premarket after adjusted EPS and revenue fell well short of Street expectations.
Downside continuation possible if investors extrapolate weaker demand.
The article states both EPS and revenue missed expectations.
Constellation Energy is up about 4% premarket after boosting its full-year adjusted operating EPS forecast.
Mild bullish bias for the next session(s) as the market follows through on the raised outlook.
The article confirms a forecast increase but does not provide the magnitude.
Duolingo is down about 8% premarket after its Q3 revenue and bookings forecast fell short of expectations.
Near-term bearish pressure until investors see evidence of re-acceleration.
The article directly ties the move to a forecast miss for both revenue and bookings.
Figma is down about 15% premarket after Q3 revenue guidance disappointed and operating margin fell versus the prior quarter.
Higher volatility and downside risk while the market reassesses operating leverage.
The article cites both guidance and margin direction but no specific margin level.
Market effects
Multiple memory and tech earnings/guidance misses renew concerns about stretched memory-related rallies, likely pressuring semis and AI-adjacent sentiment.
Asian markets decline, led by Korea chip heavyweights after US peer earnings renew catalyst questions for the Asia memory trade.
Iran-Oman Strait of Hormuz shipping-route agreement supports energy-flow expectations, feeding into inflation and rates sensitivity alongside tech risk.
Counterpoint
The selloff may be concentrated in forecast optics rather than demand collapse, so oversold memory names could rebound if subsequent checks stabilize.
Key entities
- companySandisk
Pre-market drop after first-quarter revenue forecast missed consensus.
- companyWestern Digital
Pre-market drop after first-quarter revenue forecast missed consensus at the midpoint.
- companyAppLovin
Pre-market drop after Q2 revenue and adjusted EBITDA outlook came in below consensus.
- companyDatadog
Pre-market drop after Q2 adjusted gross margin trailed estimates and guidance was not strong enough.
- companyConstellation Energy
Pre-market rise after boosting full-year adjusted operating EPS forecast.
