US stock futures edged higher late Wednesday as investors digested another batch of corporate earnings and assessed fresh signals from Alphabet, following a sharp sell-off that hit technology stocks earlier in the day.

Dow Jones Industrial Average futures (YM=F) were little changed, hovering modestly in positive territory. Futures tied to the S&P 500 (ES=F) rose about 0.3%, while Nasdaq 100 futures (NQ=F) gained roughly 0.4%.

Alphabet (GOOG) shares slipped more than 1% in late trading after the company reported results and outlined a significant ramp-up in artificial intelligence investment. The Google parent said it expects expenditure to climb, projecting spending as high as $185 billion in 2026. But that outlook helped lift shares of tech names such as Nvidia (NVDA) and Broadcom (AVGO), as investors renewed optimism around long-term demand tied to AI infrastructure.

Elsewhere, Qualcomm (QCOM) shares tumbled nearly 9% after the chipmaker issued a softer-than-expected forecast, citing headwinds from a global memory shortage.

Software names bore the brunt of a decline Wednesday as Anthropic AI tools led to fears of disruption in traditional business models. Crypto markets were also rattled following a comment from Treasury Secretary Scott Bessent, who said the government would not bail out bitcoin (BTC-USD) amid an over 13% drop over the past five days that has pushed the token to around $73,000.

Looking ahead, earnings remain in focus, with Amazon (AMZN) taking focus Thursday. Investors will also be watching weekly jobless claims data due in the morning for fresh clues on the health of the labor market.