U.S. futures remained flat following two consecutive sessions of gains, with notable declines in semiconductor stocks. Qualcomm (QCOM) fell by 4.2% amid concerns regarding slowing smartphone demand and a reduction in its business with Apple. Arm Holdings (ARM) also saw a decline of approximately 4%, despite reporting earnings that beat expectations. Skyworks Solutions (SWKS) experienced a significant drop of 29% after reporting disappointing revenue forecasts and lower-than-expected operating income. Ford Motor Company (F) dropped 7% following a challenging outlook for 2025. Overall, the semiconductor sector faced pressure as traders reacted to earnings reports and guidance cuts, raising questions about industry growth prospects.