Updated
Updated · Bloomberg · Jun 26
Nasdaq 100 Futures Fall 0.8% as AI Valuation Concerns Stall Tech Rally
Updated
Updated · Bloomberg · Jun 26

Nasdaq 100 Futures Fall 0.8% as AI Valuation Concerns Stall Tech Rally

3 articles · Updated · Bloomberg · Jun 26

Summary

  • Nasdaq 100 futures dropped 0.8% by 4:25 a.m. in New York, while S&P 500 futures slipped 0.2%, extending a pullback in US equities.
  • AI valuation worries drove the move, with investors questioning whether technology shares can sustain their recent rally at current prices.
  • Asian markets reinforced that caution: South Korean stocks triggered a second trading halt this week as chipmakers tumbled before trimming some losses.
  • The cross-market selloff suggests skepticism over AI-linked tech valuations is spreading from Asian semiconductor names to US index futures.

Insights

Is the AI stock slump a dot-com bubble repeat or a brief pause in a long-term super cycle?
With AI chip demand outstripping supply, can the industry's infrastructure keep pace with its own hype?