Stock futures were edging higher on Thursday, even as oil carried on rising having topped $100 a barrel for the first time since July the previous session.

Taiwan Semiconductor Manufacturing Co. slid 0.4% ahead of the opening bell, even after the Taiwanese chip manufacturer reported record monthly revenue for August. Intel, Marvell, Micron, and Sandisk were among the other AI stocks falling.

Cooper Cos. was the S&P 500's worst performer in premarket trading, slumping 15%. The contact lens maker reported weaker-than-expected third-quarter revenue and slashed its full-year outlook late Wednesday.

American Eagle Outfitters tumbled 11% after the retailer posted better-than-expected second-quarter earnings, but missed estimates for same-store sales.

AeroVironment jumped 6.3% after reporting stellar first-quarter earnings and revenue that suggested demand for its drones and drone-related products remains strong.

Navan slumped 15% after the business and travel expense company raised its full-year outlook and said it had acquired the AI meetings and events platform BoomPop. Investors were probably looking for an excuse to take profit, given that shares are up 52% so far this year.

Adobe and Oracle are set to report earnings after Thursday's close.