U.S. Stock Futures Lower as Chip Selloff Rocks Markets
- Markets
Peter Lynch- 0
- 3 minutes read
U.S. stock futures fell in early European trade, as a selloff in stocks linked to the artificial-intelligence buildout continued to reverberate across the globe.
Losses for the Nasdaq are set to deepen, with stocks across the AI complex falling in premarket trade. Shares in technology investment group SoftBank dived in Japan, while companies across the AI supply chain struggled in Europe. Investors who have watched AI stocks boom so far this year are looking to lock in profits, while some worry about the sustainability of AI spending.
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