U.S. stock futures climbed Thursday after President Trump backed down from tariff threats against European allies over Greenland. Intel shares rose 1.2% ahead of its quarterly results, with investors watching for progress in its AI chip push. Alphabet gained 1.9% after a Raymond James upgrade, citing its AI stack shifting to 'high gear.'

Alibaba ADRs surged 3.6% on reports it's preparing a listing for its chipmaking arm, aiming to challenge Nvidia in the AI accelerator market. Conversely, Procter & Gamble fell 1.5% after its quarterly sales of $22.21 billion missed estimates, while organic revenue stagnated.

Mobileye Global slumped 6% on a significant earnings miss, despite better-than-expected revenue. The moves reflect a market sensitive to geopolitical news and individual company results, with investors parsing guidance on AI investments and consumer demand.