Chip sell-off hurts futures as AI funding buzz stirs markets

US stock futures were choppy before the open as a Samsung/SK Hynix memory-chip rout dragged tech names lower; Nasdaq futures fell about 0.8% while S&P 500 futures slipped ~0.1% and Dow futures gained around 0.3%. The move comes as AI funding chatter around Nvidia/OpenAI adds caution to tech equities, Samsung and SK Hynix plunged, and oil prices eased. Investors await the Federal Reserve’s two-day policy meeting, a stream of earnings, and fresh consumer confidence data later today, all while global markets weigh AI competitiveness and potential policy shifts.