Samsung Electronics’ 7% drop weighs on AI-related shares, pressuring US index futures after Monday’s broad gains.
US stock index futures signaled a weaker open on Tuesday, reversing part of Monday’s rally as technology stocks faced renewed selling pressure. Samsung Electronics led the decline, falling nearly 7% despite reporting a 19-fold jump in second-quarter profit, as investors questioned the sustainability of AI-driven spending and hardware demand.
Wall Street closed higher on Monday, with the Dow Jones Industrial Average hitting a record high. The Nasdaq Composite rose 1.1% to 26,121.16, while the S&P 500 gained 0.7% to 7,537.43. Semiconductor stocks faced additional pressure after reports that Chinese AI firm DeepSeek is developing its own chips, potentially reducing reliance on established suppliers.
Market sentiment remains cautious amid concerns over AI investment bubbles and shifting supply chain dynamics.