empty
 
 

2026.06.2611:51:23UTC+00US Futures Turn Lower on Tech Volatility

US equity futures fell sharply on Friday as renewed doubts about the AI-driven rally reignited selling in chipmakers and AI-related stocks. Futures on the S&P 500 and Nasdaq 100 declined 0.5% and 1.2%, respectively, hitting two-week lows. The big cloud providers within the Magnificent 7 extended the steep losses from the previous session amid persistent worries that AI investment may have run ahead of fundamentals, with Nvidia, Tesla, and Oracle all losing more than 1% in premarket trading.

Memory and other semiconductor stocks also came under renewed pressure, giving back a portion of the prior day’s gains that had been driven by Micron’s earnings, as investors grew more concerned that AI infrastructure spending could slow. Micron and SanDisk dropped about 5%. At the same time, a report suggested that OpenAI may delay its IPO, reinforcing the narrative of moderating outlays on compute capacity.

By contrast, the Dow hovered near unchanged after testing record highs in the previous session, underscoring the relative resilience of more traditional sectors of the economy.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback