December Nasdaq 100 E-Mini futures (NQZ25) are trending down -0.57% this morning as investors digested weak earnings from notable tech players such as Advanced Micro Devices and Super Micro Computer, while concerns over lofty tech valuations continued to weigh on sentiment.
Advanced Micro Devices (AMD) slid over -4% in pre-market trading after the chipmaker’s Q4 revenue guidance failed to impress investors. Also, Super Micro Computer (SMCI) plunged more than -9% in pre-market trading after the server maker posted weaker-than-expected FQ1 results and gave a disappointing FQ2 adjusted EPS forecast.
