Nasdaq futures drop over 2% as AI buildout costs, Fed rate outlook weigh

Live updates

1. 1h ago

   Nasdaq and S&P 500 Futures Drop Amid AI Spending and Fed Concerns

   Nasdaq 100 futures fell 2.7% as investors questioned AI valuations and spending. Technology shares and semiconductor stocks drove a broader market decline. A surprise upside move in the Federal Reserve's preferred inflation gauge added to the volatility.

   What's confirmed:

   • Nasdaq 100 futures tumbled 2.7%.
   • Technology shares and semiconductor stocks led the market decline.
   • Investors are cautious about elevated AI-related spending.

   Still unconfirmed:

   • OpenAI may delay its public listing.
   • Chip equities saw $2 trillion flow into the combined valuations of Micron, Intel, and AMD last quarter.
   • The Federal Reserve's preferred inflation gauge surprised to the upside.
   confidence 90%
2. 5d ago

   Nasdaq Futures Drop Over 2% Amid AI Costs and Fed Rate Concerns

   Nasdaq and S&P 500 futures plummeted Tuesday as investors worried about debt-funded AI spending. Semiconductor stocks and mega-cap names led the selloff. Markets are also bracing for a more hawkish Federal Reserve.

   What's confirmed:

   • Nasdaq futures fell more than 2% on Tuesday.
   • The Nasdaq and S&P 500 closed at more than one-week lows on Tuesday.
   • Concerns over debt-funded AI spending and U.S. rate hikes drove the market decline.
   • Semiconductor stocks and mega-cap tech shares led the selloff.

   Still unconfirmed:

   • Nasdaq futures fell 2.69%, S&P 500 futures fell 1.45%, and Dow futures fell 0.61%.
   • Russell 2000 futures fell 1.7%.
   • The CBOE Volatility Index reached an over one-week high.
   confidence 95%