Dow, S&P 500, Nasdaq Futures Slip After AI-Fueled Rout: Why COIN, DKNG, RIVN, AMAT, FSLY Are Trending After-Hours
U.S. stock futures fell late Thursday after a sharp AI-led selloff. The Dow, S&P 500, and Nasdaq Composite declined 1.3%, 1.6%, and 2% respectively. Coinbase (COIN) rose 1% despite revenue decline; DraftKings (DKNG) fell 15% on weak forecast; Rivian (RIVN) surged 14% on narrower loss; Applied Materials (AMAT) jumped 13% on earnings; Fastly (FSLY) gained 3% on results. Investors await January CPI data.
How this was made
The 30-second read
Why it matters
Earnings surprises drive divergent stock reactions, offering trade opportunities amid overall market caution.
Market read
Earnings-driven price moves provide actionable signals despite a broader AI‑induced market pullback.
What to watch
Potential Fed rate outlook and upcoming CPI data could dominate price action, eclipsing individual earnings moves.
Background
AI‑driven market rotation caused a broad sell‑off, but several companies reported Q4 results that moved prices sharply.
Ticker impact
Coinbase reported Q4 revenue decline and net loss, but shares rose ~1% after-hours.
Potential slight upside in next session if market stabilizes.
Earnings surprise is minor; after-hours move indicates limited trader conviction.
DraftKings issued FY2026 revenue forecast below expectations; shares fell ~15% in extended trading.
Likely further decline on day‑one sell‑off.
Large miss and sharp price drop indicate strong negative market reaction.
Rivian posted a narrower Q4 loss and stronger revenue; shares jumped ~14% after-hours.
Expect continued buying pressure into the regular session.
Better-than-expected loss and revenue beat triggered a sizable rally.
Applied Materials delivered better‑than‑expected Q4 earnings and upbeat outlook; shares rose ~13% after-hours.
Potential further upside as investors digest strong guidance.
Strong earnings and guidance for a capital‑intensive sector support price gains.
Fastly beat Q4 estimates and received an analyst upgrade; shares rose ~3% after-hours.
Likely modest upside in near term.
Upgrade adds incremental support but price move is limited.
Market effects
AI‑related sell‑off pressures tech and semiconductor sectors, while earnings beats provide pockets of resilience.
U.S. futures dip; Asian markets show mixed reactions, with Japan down and Korea slightly up.
Highlights broader risk‑off sentiment amid AI hype, but strong earnings in select names may offset.
Counterpoint
The AI‑selloff may be over‑stated; earnings beaters could rally further despite broader market weakness.
Key entities
- companyCoinbase Global
Crypto exchange reporting Q4 loss.
- companyDraftKings
Sports betting firm missing revenue forecasts.
- companyRivian Automotive
EV maker with narrower loss and revenue beat.
- companyApplied Materials
Semiconductor equipment maker beating earnings.
- companyFastly
Edge cloud provider with earnings beat and upgrade.
