Nasdaq futures lead declines after chip stocks extend losses amid concerns over high AI investment and valuation pressures.
US stock index futures fell sharply Friday as a global semiconductor rout accelerated. Dow futures slipped 0.52%, S&P 500 futures lost 0.86%, and Nasdaq futures plunged 2.08%, driven by technology sector weakness.
The selloff follows a broader decline in chip stocks, fueled by worries over excessive AI spending and stretched valuations. Earlier sessions saw similar pressure across Asian and European markets, with semiconductor shares underperforming.
No immediate market reaction data was provided, but the move reflects growing investor caution toward high-growth tech stocks.