Stock futures are little changed after OpenAI's revenue report prompts tech sector turmoil: Live updates

Stock futures held near flat Thursday night after the Nasdaq Composite fell more than 1%, its biggest one-day loss since mid-August. The catalyst: an underwhelming revenue report from OpenAI that took steam out of the high-flying artificial intelligence trade.

The numbers frame the move. A drop of more than 1% in the Nasdaq Composite is a notable session for a benchmark that has been carried by AI enthusiasm, and the last time it fell harder in a single day was mid-August. That timeline suggests the selling was concentrated and unusual, not part of a steady grind lower.

Futures told a different story overnight. S&P 500 futures hovered near the flat line, signaling that dip buyers and sellers were roughly balanced after the sharp cash-session reaction. Interpretation: the market appears to be pausing rather than extending the tech selloff, but a flat futures tape after a 1%-plus drop does not confirm that the damage is done.

The source of the stress matters. The pressure came from a revenue disappointment tied to OpenAI, not from a broad macro shock, which points to AI-related expectations as the pressure point for NDX-linked names.