Wall Street futures pulled back early Tuesday after a historic AI-driven session sent the Nasdaq Composite to a record closing high on Monday.

Advanced Micro Devices (NASDAQ: AMD) crossed the $1 trillion market capitalization threshold, becoming the 14th U.S. company ever to reach that milestone.

Meta Platforms (NASDAQ: META) was Monday’s standout performer, with shares rising nearly 1% in early premarket trade after its Muse AI assistant climbed to the top of U.S. app-store charts.

Cathie Wood’s ARK Investment Management purchased approximately 51,000 Meta shares during Monday’s session, alongside positions in BEAM and IONS.

As of 4:00 a.m. ET, Nasdaq and S&P 500 futures were flat with a negative bias, while Dow and Russell 2000 futures each declined 0.2%.

Retail sentiment on the SPDR S&P 500 ETF (SPY) and the Invesco QQQ Trust (QQQ) shifted to “neutral” on Stocktwits, suggesting some caution after the sharp Monday advance.

Crude oil pushed higher, with Brent crude crossing $100 per barrel following U.S. sanctions targeting Iranian aviation and broader military escalations across the Middle East.

U.S. Treasury Secretary Scott Bessent reportedly stated that Iranian airlines would be cut off from global fueling, landing services, and the dollar financial system beginning Wednesday.

Investors are closely watching a high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping, joined by leading tech CEOs, to address trade, tariff, and AI governance frameworks ahead of the expiration of the U.S.-China trade truce.

Alibaba (NYSE: BABA) shares gained over 1% in early premarket trading after the company unveiled the Zhenwu V900, which it describes as China’s most powerful AI accelerator, delivering three times the performance of its predecessor.

Anthropic revealed compute capacity targets scaling toward 5 GW by year-end, including a $1.2 billion monthly compute deal with SpaceX and up to 5 GW with Amazon, keeping Big Tech hyperscalers firmly on the retail radar.

GameStop (NYSE: GME) shares jumped nearly 3% in premarket after CEO Ryan Cohen purchased an additional 1.15 million shares for approximately $26.4 million, lifting his direct holdings to 40.5 million shares.

Robinhood Markets (NASDAQ: HOOD) fell more than 2% in early premarket trade, with retail tracking both a brief app outage tied to an AWS disruption and a filing disclosing that CEO Vlad Tenev intends to sell approximately $31 million worth of Robinhood shares.

Grab Holdings (NASDAQ: GRAB) surged over 4% in premarket after CEO Anthony Tan acquired 10.35 million shares at $2.89 each, totaling roughly $30 million, while President and COO Alexander Hungate purchased an additional 299,571 shares.

Viking Therapeutics (NASDAQ: VKTX), alongside peers GPCR and ALT, attracted retail attention after Novo Nordisk outlined plans to launch more than five “multi-blockbusters” by 2030 and signaled an appetite for larger acquisition deals beyond Wegovy.

Eli Lilly broke ground on a $6.5 billion manufacturing facility in Houston dedicated to producing active pharmaceutical ingredients for its oral weight-loss medication, Foundayo.

Berkshire Hathaway disclosed a roughly $212 million purchase of Lennar shares, returning the homebuilder to the retail watchlist despite a challenging broader housing environment.

On the economic calendar, investors will monitor the U.S. ADP Weekly Employment Change report and remarks from New York Fed President John Williams, Fed Vice Chair Philip Jefferson, and Richmond Fed President Thomas Barkin.

Earnings releases to watch include AutoZone and Thor Industries before the opening bell, followed by KB Home in after-hours trading.