Dow Jones Futures Fall As Astera Labs, Credo, Other Hot Stocks Continue Slide

Market Overview - Dow Jones futures, S&P 500 futures, and Nasdaq futures experienced modest declines early Thursday, indicating a continued downward trend in the stock market [1] - The stock market rally faced slight losses on Wednesday, with several hot stocks, including Astera Labs, Oklo, and Credo Technology, extending their selling before the market opened [1] Company Performance - Micron Technology reported strong earnings and guidance but still saw its stock price fall, despite a series of price-target hikes following its earnings report [4] - Astera Labs issued a sell signal, contributing to the broader decline in small-cap stocks across Wall Street [2][4] - Alibaba's stock surged due to increased spending in AI, contrasting with the overall market trend [1] Industry Trends - Small-cap stocks led the market decline, with significant losses observed among AI industry leaders, particularly Astera Labs [2][4] - The focus on AI and data center growth remains strong, as evidenced by Micron's performance and the interest in S&P 500 stocks related to AI data centers [4]