SOXXiShares Semiconductor ETF

U.S. equity futures were little changed on Wednesday as investors digested Microsoft, Meta and Qualcomm earnings and the Federal Reserve’s decision.

Lee argued that the Fed’s policy announcement itself could remove a layer of uncertainty that has weighed on markets in recent weeks.

Wall Street expects Qualcomm to report $9.6 billion in revenue and earnings per share of $2.22 for the fiscal third quarter.

The funding aims to advance U.S. research into technologies underpinning AI infrastructure, including next-generation optical materials, wafer technologies, and advanced packaging.

Goldman Sachs reiterated its ‘Buy’ rating and $465 price target, saying the results and outlook support further upside for the stock.

Chinese AI startup Moonshot AI reportedly raised $3.5 billion, well above its original target, valuing the company at $35 billion.

During an interview with CNBC, Futurum analyst Rolf Bulk cited the performance edge that SK Hynix, Micron, and Samsung have over CXMT chips.

Conflict in the Middle East escalated again – the U.S. said that Iranian forces had attacked the American military on Tuesday evening.

Nasdaq dropped for the fifth straight session on Tuesday, its longest losing streak since January this year.