Nasdaq 100 futures slip as AI-linked stocks sell off, Nvidia drops over 2%
Nasdaq 100 futures weakened as AI and semiconductor leaders sold off after high-profile calls to pause advanced AI development on safety grounds. Nvidia's decline and broader weakness in Intel, AMD and Marvell signal fading momentum in the AI trade, while selective software resilience limits breadth. The pullback tightens financial conditions and may influence how investors frame incoming inflation data and the Fed's near-term policy reaction function.
Affected assets
NCSINASDAQ1002USD/USDT+0.27%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▼ Bearish
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Nasdaq 100 futures fell in early trading on Monday, pressured by a selloff in AI-related stocks. Safety-focused calls from industry figures including Elon Musk and Sam Altman to pause AI model development weighed on sentiment. Nvidia slid more than 2% and Amazon fell 1%, while other chipmakers such as Intel, AMD and Marvell Technology also weakened. Analysts said the tech-sector pullback could influence the tone heading into the Federal Reserve’s upcoming rate decision.