Dow Futures fell 0.04%, S&P 500 Futures fell 0.04%, Nasdaq Futures fell 0.12% as sentiment leaned cautious in light overnight trade.

Memory chip stocks fell, with SanDisk Corp. falling 2.01%, Micron Technology falling 1.66%, Western Digital falling 1.55%, Roundhill Memory ETF (DRAM) falling 1.53%. Memory names remained under pressure after Morgan Stanley cautioned that memory contract prices may peak in Q4, weighing on storage sentiment.

Celestica raised its forecast for the year, citing expectations for stronger customer demand after sales jumped in its latest quarter. The shares jumped 8%.

Applied Digital rose 4.34%. The company posted stronger-than-expected results, with Q4 revenue of $258.7 million and adjusted EPS of $0.04 as new AI data-center capacity ramped.

SpaceX fell 1.18%. Morgan Stanley said prices near $100 would imply minimal value for its AI unit and maintained an Overweight rating with a $300 target amid lockup overhang.

Cadence Design Systems raised its annual revenue and profit forecasts on Monday, banking on robust demand for ​its AI-powered chip and system design software. The shares rose 3.5%.

Amkor Technology shares fell 6.7% despite reporting record quarterly revenue and an earnings beat, as investors focused on a weaker communications outlook and manufacturing transition disruptions.

Navitas Semiconductor (NVTS) shares fell 4% after the company posted a wider-than-expected quarterly loss despite a revenue beat, while forecasting 28% sequential revenue growth for the third quarter.

Johnson & Johnson said on Monday it has reached ​a $5.5 billion settlement that will resolve tens ‌of thousands of lawsuits alleging its baby powder and other talc products cause ovarian cancer. The shares rose 1.8%.

Chip stocks fell, with Direxion Daily Semiconductors Bull 3x Shares falling 1.93%, SUPER MICRO COMPUTER INC (SMCI) falling 1.38%.

Crypto stocks fell, with BitMine Immersion Technologies Inc. (BMNR) falling 3.52%, Strategy falling 2.74%, Circle Internet Corp. (CRCL) falling 2.71%.