US stock futures edged higher on Wednesday as Wall Street eyed a shift out of high-flying technology stocks and a funding deal to end the partial US government shutdown.

Dow Jones Industrial Average futures (YM=F) and S&P 500 futures (ES=F) were both up roughly 0.3%. Contracts on the Nasdaq 100 (NQ=F) (YM=F) inched up 0.2%, after AI worries helped fuel losses across the board on Tuesday.

Technology stocks bore the brunt of the selling. Nvidia (NVDA) and Microsoft (MSFT) each declined more than 2%, while other AI–linked names such as Broadcom (AVGO), Oracle (ORCL), and Micron (MU) also finished lower. Overall, the tech sector posted losses in the S&P 500 of more than 2%.

Following a chaotic day, extended trading saw a number of big-name stocks build on regular-session losses. Chipotle (CMG) shares tumbled nearly 7% after the restaurant chain reported another quarter of declining customer traffic and warned that same-store sales growth could stall in 2026. Advanced Micro Devices (AMD) slid more than 7% as investors reacted negatively to its first-quarter outlook.

Investors are turning their attention to a busy stretch of earnings, with Alphabet (GOOG) set to report Wednesday and Amazon (AMZN) scheduled to release results on Thursday.

Reuters reports:

Shares of Indian IT exporters slumped 6% ​on Wednesday, tracking losses in ‌global software stocks, after AI developer Anthropic ‌launched new tools that heightened concerns over AI-driven disruption in the data and professional services industry.

Anthropic launched ⁠plug-ins for ‌its Claude Cowork agent on Friday that would automate ‍tasks across legal, sales, marketing and data analysis, triggering a significant selloff among ​U.S. and European data analytics, ‌professional services and software companies.

The Indian IT sub-index (^CNXIT) joined the rout on Wednesday and was set for its worst day since May ⁠2022. All 10 ​of its constituents were ​in losses, led by a 7% drop in software services ‍exporter ⁠Persistent Systems (PERSISTENT.NS).

Heavyweights TCS (TCS.NS) and Infosys (INFY) were down 5.2% and 5.8%, respectively, ⁠while Wipro fell nearly 4%

Read more here.

Bloomberg reports:

Nvidia Corp. (NVDA) is nearing a deal to invest $20 billion in OpenAI as part of its latest funding round, according to people familiar with the matter, marking the chipmaker’s single biggest investment in the ChatGPT developer.

Nvidia’s contribution is close to being completed, according to the people, who spoke on condition of anonymity because the information is not public. The deal is not final and the terms could change.

OpenAI is looking to raise up to $100 billion in funding for a new round, with much of that coming from large tech firms, Bloomberg News has reported. Amazon.com Inc. has had discussions to invest as much as $50 billion and SoftBank Group Corp. has held talks to invest as much as $30 billion. The Financial Times previously reported Nvidia might invest as much as $20 billion.

Read more here.