US stock indexes were set to open higher after a bruising sell-off in technology shares, though Amazon fell 7.5% in premarket trading after signalling a sharp increase in AI-related spending.
The company forecast a more than 50% jump in capital expenditures this year, adding to investor scepticism about when returns will materialise.
Microsoft is down 17% over the past month following its own major investment plans.
Software and data services stocks showed signs of stabilising after a punishing week, driven by concerns that AI tools could disrupt demand.
ServiceNow and CrowdStrike rose 2.9% and 2.1%, respectively, though the sector was still on track for a near 10% weekly decline, its worst since March 2020.
In premarket trading, the Dow was up 0.4%, the S&P 500 gained 0.5%, and the Nasdaq 100 rose 0.7%.
