Nasdaq futures tumble led by tech stocks as Micron drops 9%; South Korea's Kospi falls 10%: Live updates
A global sell-off in semiconductor and AI stocks has pushed Nasdaq and S&P 500 futures lower. The decline began in Asia before spreading to U.S. markets. Market participants are citing doubts regarding AI spending.
What changed
New data indicates the Dow Jones Industrial Average rose 8.9% in the first half of 2026.
Live updates
-
Nasdaq and S&P 500 Futures Slide Amid Global Chip Rout
confidence 90%A global sell-off in semiconductor and AI stocks has pushed Nasdaq and S&P 500 futures lower. The decline began in Asia before spreading to U.S. markets. Market participants are citing doubts regarding AI spending.
What's confirmed:
- Nasdaq and S&P 500 futures are trending lower.
- A global rout in chipmaker and AI stocks is driving the market decline.
- The Dow Jones Industrial Average rose 8.9% in the first half of 2026.
- Micron, Nvidia, and Sandisk tumbled.
Still unconfirmed:
- Apple slid due to price hikes.
-
Global Tech Sell-Off Drags Down Nasdaq and S&P 500 Futures
confidence 95%A global rout in chipmaker and AI stocks has triggered a sharp decline in Nasdaq and S&P 500 futures. The sell-off began in Asia and spread to U.S. markets, driven by doubts over AI sustainability. South Korea's Kospi saw significant losses as major electronics firms tumbled.
What's confirmed:
- South Korea's Kospi fell 10%
- Micron dropped 9%
- Nasdaq and S&P 500 futures declined due to a tech sell-off
- Samsung Electronics and SK Hynix shares tumbled
- The sell-off was driven by doubts regarding AI spending and sustainability
Still unconfirmed:
- SpaceX is attempting to maintain its post-IPO low
- Fed rate hike fears are reshaping sentiment in semiconductor markets