The muted futures action came as investors balanced geopolitical uncertainty against a busy premarket earnings slate, with sharp moves in several technology, defense and consumer stocks. The deal is prompting investors to reassess the value of Riot's data center assets and its potential transition beyond bitcoin mining toward AI infrastructure. NIQ Global Intelligence shares surged 15.2% before the bell after the consumer intelligence company delivered a broad second-quarter earnings beat and raised its full-year outlook. Profitability also improved, with adjusted EBITDA rising 21.9% to about $262 million and the margin expanding 270 basis points to 23.3%. On Holding shares fell 15.2% in premarket trading after the Swiss sportswear company reported second-quarter net sales of CHF 850.3 million, below the roughly CHF 881 million analysts had expected.