U.S. stock futures edged lower Thursday morning as investors digested another sharp rise in oil prices and renewed concerns over AI-related capital spending. Geopolitical tensions in the Red Sea pushed crude prices higher, while the latest earnings reinforced Wall Street's growing focus on profitability rather than revenue growth alone. 📊 Market Snapshot Nasdaq Futures: ▼ 0.33% S&P 500 Futures: ▼ 0.30% Dow Futures: ▼ 0.29% Brent Crude: $98.17 (+4.36%) WTI Crude: $90.13 (+3.80%) U.S. 10-Year Treasury Yield: 4.678% VIX: ▲ 5.59% Bitcoin: ▼ 0.36% 🔍 Market Drivers 🛢️ Oil extends its rally Brent crude climbed above $98 per barrel after attacks on Saudi oil tankers in the Red Sea raised fresh concerns over global supply disruptions. Higher energy prices also renewed worries about inflation and interest rates. 🤖 AI spending under scrutiny Investor attention shifted from revenue growth to free cash flow after #GOOGL and #TSLA reported heavy AI-related spending. Despite solid operating performance, both stocks came under pressure as investors questioned the pace of capital investment. 💻 Intel earnings in focus #INTC reports earnings after today's closing bell, with markets looking for updates on AI demand, data center performance, and management's outlook for the second half of the year. 📈 Higher yields pressure equities The 10-year Treasury yield moved closer to this year's highs, reflecting growing inflation concerns as energy prices continue to rise. 📌 Market Outlook Today's session will likely be driven by energy prices, AI earnings, and corporate guidance. Investors are closely watching whether continued AI investment can translate into sustainable cash flow while monitoring geopolitical developments that could keep oil markets volatile.