Stock futures fall as profit-taking follows AI rally; SpaceX, Constellation Brands, FICO in focus

Stock futures dropped Wednesday as investors locked in profits after the recent AI rally. SpaceX fell 2.2% premarket on a report it plans to raise $40 billion in debt for Nvidia chips. Intel rose 1.3% after Elon Musk downplayed TSMC's role in the Terafab project. Constellation Brands dropped 4.9% after its earnings beat but showed weak demand for Modelo and Corona. FICO slipped 0.1% after announcing a 15% staff cut and AI integration. Applied Digital and Levi Strauss report after the close.