Nasdaq Futures Fall as AI and Chip Stocks Retreat
Nasdaq futures were lower before Tuesday’s open, led by semiconductor and AI data-center shares as worries about artificial-intelligence spending returned. A South Korean data-center company fell sharply in its trading debut, adding to concerns about AI-related fundraisings. Dow futures were slightly higher, while S&P 500 futures were nearly flat and oil prices rose.
Nasdaq futures pointed lower, with semiconductor shares and AI data-center/neocloud companies giving back Monday’s gains. The prior session had ended a nine-day chip-sector slide—the longest in two decades—but premarket trading turned negative again. Dow futures edged up, while S&P 500 futures were roughly flat.
In South Korea, data-center infrastructure firm Elice fell 32% on its first trading day despite retail demand reported at 400 times the shares offered. SK Hynix also weakened. Oil extended gains, with November WTI at $108.15 a barrel and Brent at $111.25, as investors awaited results from several major companies.
A renewed pullback in AI and chip shares could affect investors and retirement savers with technology-heavy portfolios, while uncertainty around AI fundraising may influence hiring and investment plans at data-center and semiconductor firms. Higher oil prices may also add pressure to household budgets and transport costs. Because the moves are concentrated in tech futures, broader market effects may remain limited unless the weakness spreads.