Nasdaq futures moved lower in early trading, with September Nasdaq 100 E-Mini futures down 0.80% as weakness in chip shares intensified. The pullback pointed to another difficult session for growth-focused parts of the market, especially technology names tied to semiconductors and artificial intelligence.
Pre-market trading showed continued pressure on chip makers and AI infrastructure stocks. Sentiment appeared to worsen as investors weighed concerns about circular AI financing and the risk of stronger competition across the sector.
The slide in those groups has become a key driver for Nasdaq futures because semiconductor and AI-related companies have been central to the market’s recent leadership. When those stocks retreat together, they can quickly drag on broader tech indexes and shift attention toward valuation and demand questions.
Traders are also looking ahead to the upcoming FOMC meeting and a fresh round of earnings reports. Those events could help determine whether the latest chip selloff remains a short-term shakeout or develops into a broader reassessment of the technology trade.
