The S&P 500 futures currently trade six points below fair value.
Tech and AI names are mostly lower in response to a sharp slide in Broadcom (AVGO 382.94, -23.43, -5.8%) after the company's earnings report.
However, NVIDIA (NVDA 182.58, +1.65, +0.9%), which slid 1.6% yesterday, is higher in the premarket after Reuters reported that the company is considering increasing production of its H200 chip due to high demand from China.