U.S. stock futures traded higher Friday morning as investors welcomed strong cloud-computing results from Amazon ($AMZN), helping drive a rebound in technology stocks. Meanwhile, Apple ($AAPL) came under pressure after issuing weaker-than-expected forward guidance. The market is attempting to stabilize after a volatile week dominated by AI-related selling, Federal Reserve commentary, and earnings from major technology companies. 📊 Market Snapshot Dow Futures: +0.48% S&P 500 Futures: +0.21% Nasdaq Futures: +0.77% Stoxx Europe 600: +0.34% Shanghai Composite: +0.72% U.S. 10-Year Treasury Yield: 4.692% Crude Oil: $85.22 (+1.95%) Gold: -1.13% Bitcoin: -1.68% Dollar Index: +0.34% VIX: 17.09 🔥 Key Market Highlights 🚀 Amazon Surges on AWS Strength: Amazon ($AMZN) climbed more than 10% premarket after reporting stronger-than-expected AWS growth, reinforcing optimism around AI infrastructure and cloud spending. 📉 Apple Falls After Outlook: Apple ($AAPL) dropped more than 7% premarket after its September-quarter guidance disappointed investors despite solid quarterly results. 🤖 AI Stocks Rebound: Technology shares recovered as concerns over forced selling eased following reports that AI-focused investment firm Situational Awareness completed a major portfolio sale, improving sentiment across AI-related stocks. 💻 Chip Stocks Rally in Asia: SK Hynix surged 30% and Samsung Electronics gained 27%, helping South Korea's Kospi jump nearly 18% as investors returned to semiconductor stocks. 📈 Microsoft's Historic Milestone: Microsoft ($MSFT) added approximately $450 billion in market value in a single session following strong AI-driven earnings, marking the largest one-day market-cap gain by a U.S. company. 💰 Ares Reports Record Fundraising: Ares Management ($ARES) announced $36.4 billion in second-quarter fundraising, reflecting continued institutional demand for private market investments. 🌏 Yen Strengthens on Intervention: The Japanese yen rallied after officials indicated support from U.S. authorities amid renewed efforts to stabilize the currency. 📌 Market Theme Investor sentiment has shifted back toward AI infrastructure, cloud computing, and semiconductor stocks following strong earnings from Amazon and Microsoft. While Apple's cautious outlook weighed on consumer technology, improving confidence in AI spending helped support the broader technology sector. Investors will also closely monitor today's Employment Cost Index, Consumer Sentiment, and Chicago PMI reports for further clues on inflation, economic activity, and the Federal Reserve's policy outlook.