U.S. stock futures diverge as chipmakers face renewed selling
U.S. stock futures were mixed on Tuesday as renewed selling in semiconductor stocks threatened to interrupt Wall Street's recovery from last week's technology-led decline. Nasdaq futures fell while Dow futures advanced, highlighting the divide between artificial intelligence-related companies and the broader market.
Highlights
- Nasdaq futures fall as semiconductor stocks weaken.
- Dow futures rise despite pressure on AI shares.
- Investors reassess spending on AI infrastructure.
Chipmakers came under pressure in early trading despite Monday's rebound in major U.S. indexes, CNBC reports. The latest market data showed December S&P 500 futures at 7,728.50, down 0.08%. Nasdaq-100 futures declined 0.43%, to 29,593.25, while Dow Jones futures rose 0.17%, to 52,269.
Semiconductor stocks retreat after Monday rebound
Micron and Sandisk each fell more than 2% in premarket trading. Seagate, Intel, and Advanced Micro Devices also declined more than 1%, while the VanEck Semiconductor ETF lost approximately 1%.
The weakness followed a stronger session on Monday, when the S&P 500 gained 0.4% and the Nasdaq Composite advanced more than 1%. Nvidia rose 1.4%, Tesla climbed 3.8%, and Alphabet added about 1%, helping technology shares recover part of their recent losses.
The rebound came after concerns about heavy borrowing to finance artificial intelligence infrastructure triggered a broader selloff last week. Investors have increasingly questioned whether spending on data centers and computing equipment will generate sufficient returns to justify the scale of investment.
AI investment concerns shape market outlook
The selling extended beyond U.S. futures. South Korea's Kospi dropped 3.97% on Tuesday, while Japan's Nikkei 225 declined 1.11%. Australia's S&P/ASX 200 fell 0.36% to 8,813.9, reflecting weakness across several Asia-Pacific markets.
CoreWeave remained another focus after losing more than 25% last week. The cloud infrastructure company's shares initially benefited from a Goldman Sachs upgrade to buy on Monday, but the gains faded, and the stock finished slightly lower.
The divergence among U.S. futures suggests investors remain selective after the recent technology selloff. Semiconductor shares are particularly sensitive to expectations for AI infrastructure spending because demand for advanced chips depends heavily on continued investment by major technology companies.
For the broader market, the immediate question is whether weakness in chipmakers will spread to other sectors or remain concentrated in companies tied to artificial intelligence. The mixed futures performance indicates that investors are still assessing that risk rather than abandoning equities across the board.
We have previously highlighted that gold prices fall as rising oil costs fuel inflation concerns.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
