U.S. equity futures traded mixed on Thursday as investors assessed weakness across AI-related stocks following earnings from Western Digital and Sandisk while preparing for today's key labor market data and another busy day of corporate earnings. Dow futures remained supported after Wednesday's record close, while Nasdaq futures lagged as semiconductor and AI names came under pressure. 📊 Market Snapshot Dow Futures: +0.24% S&P 500 Futures: +0.13% Nasdaq Futures: -0.54% Brent Crude: ~$80.29 (+1.06%) U.S. 10-Year Treasury Yield: 4.635% Gold: +0.46% Bitcoin: -0.40% VIX: 15.97 🔥 Key Market Highlights 🤖 AI Stocks Face Profit-Taking Technology stocks came under pressure after Western Digital and Sandisk reported strong quarterly results that nevertheless fell short of investors' elevated expectations. The weakness spilled over into semiconductor and AI-related stocks, weighing on Nasdaq futures. 💾 AI Storage Stocks in Focus Western Digital and Sandisk highlighted continued demand driven by AI infrastructure, but investors remain increasingly focused on execution, margins, and the sustainability of AI-related spending rather than revenue growth alone. 🚀 SpaceX Lock-Up Expiration SpaceX remains in focus as its post-IPO lock-up period expires, making approximately 911.5 million insider shares eligible for trading. Investors are watching for potential volatility as additional shares enter the market. 📈 WPP Delivers Strong Turnaround WPP surged after reporting better-than-expected earnings and highlighting improving business momentum through its turnaround strategy, making it one of the strongest performers in European markets. 🛢️ Oil & Middle East Oil prices edged higher as investors monitored negotiations between Iran and Oman regarding the reopening of the Strait of Hormuz, one of the world's most important oil shipping routes. Any progress could influence global energy markets. 📌 Market Theme Markets remain supported by resilient corporate earnings, but investors are becoming more selective as expectations for AI-related companies continue to rise. Today's labor market data, Federal Reserve commentary, and another busy slate of earnings will help determine whether the broader market can extend its recent rally while AI leadership faces a near-term test.