Wall Street futures slipped Thursday evening as Microsoft's disappointing earnings dragged on tech sentiment. Microsoft's shares tumbled 10% after its quarterly report revealed slower cloud revenue growth and record-high AI spending. This slump weighed heavily on the broader tech sector, with other software stocks like ServiceNow and SAP also falling sharply.

Apple, however, provided a bright spot, reporting better-than-expected revenue of around $143.8 billion and strong earnings per share. This performance was driven by robust iPhone demand and a rebound in Greater China, leading to a nearly 1% rise in Apple's shares in extended trading. The contrast between these tech giants highlights the divergent fates within the sector.

Investors are also watching other earnings reports, such as SanDisk's 16% surge after a significant profit beat and raised guidance. In contrast, Visa's stock dipped slightly despite beating expectations, as investors focused on a shortfall in total transactions. These mixed results underscore the ongoing volatility in the market as companies navigate AI investments and shifting consumer trends.