Chip rout fuels AI doubts as Nasdaq futures slide
Nasdaq 100 futures fell about 2.8%, S&P 500 futures down around 1.4%, and Dow futures about 0.5% ahead of the open, as a rout in memory-chip makers spurred doubts about AI demand and valuations. Samsung and SK Hynix slid, Micron’s earnings due later this week, and broader AI optimism faces a reality check amid chipmakers’ weakness and surrounding market context like SpaceX declines and ongoing US-Iran oil-sanction talks.