Nasdaq 100 futures are up 0.5% and S&P 500 futures inch 0.2% higher as US tech stocks attempt a rebound after AI valuation fears erased nearly $1.3 trillion from the index over Monday and Tuesday. The VIX is retreating after touching 20 on Tuesday.

Micron Technology reports earnings this afternoon — and it's suddenly the most consequential print in months. The memory-chip maker's shares have surged 269% this year and are the single biggest point contributor...