US equity futures were edging higher in Friday's premarket session as traders survey the damage from a rough week for tech and AI stocks.

Shares in software companies were hit particularly hard during the week amid investor concerns that AI will harm the business model for programming. Meanwhile, AI stocks have been undercut by concerns that necessary huge capital outlays will sap profits.

The Dow Jones Industrial Average futures were up 0.6%, S&P 500 futures were gaining 0.5%, and Nasdaq futures were 0.8% higher.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.2% at $67.35 per barrel, and US West Texas Intermediate crude 0.1% lower at $67.47 per barrel.

Investors will also be looking ahead to the latest University of Michigan Consumer Sentiment report coming out later in the morning. Analysts polled by Bloomberg expect the reading for February to fall to 55.0 from 56.4 a month ago.