US Futures Slide Amid AI Sector Volatility and Mixed Corporate Earnings

US equity futures traded lower on Friday, with S&P 500 futures falling 0.6% and Nasdaq futures dropping 0.7% as the tech sector sell-off persisted. The market reaction follows conflicting signals within the artificial intelligence space, raising concerns over infrastructure overspending. CoreWeave shares plummeted 12% after the company reported larger-than-expected losses and a significant ramp-up in capital expenditures. Conversely, Dell shares surged 12% after providing an AI server sales outlook that comfortably exceeded analyst estimates. In the fixed income market, the 10-year Treasury yield slipped below the 4% threshold as investors sought safety amid equity volatility. Market participants remain focused on upcoming macro data, including the Producer Price Index (PPI), to gauge the broader economic trajectory.