Tech stocks sold off further on Monday after earnings from Amazon and Intel fueled concerns about the investment boom around artificial intelligence, with Nasdaq futures down more than 2%.
Monday · Tech selloff
Amazon and Intel earnings deepen tech selloff as AI spending doubts grow
Nasdaq futures fell more than 2% as investors questioned whether AI-related spending and valuations can keep climbing. The pressure spread across the sector rather than staying with one company.
2%+
Decline in Nasdaq futures before the regular session opened
2
Companies whose results moved the sector together: Amazon and Intel
How big is the drop?
Illustrative scale: each block = 0.2%. The column shows the reported decline of more than 2%.
Reported move
More than 2%
The move is a single-session drop in futures, shown here as ten stacked blocks. Futures can reverse quickly once the cash market opens.
From earnings to sector-wide selloff
Amazon and Intel report earnings
→
Doubts on AI spending and valuations
→
Selloff spreads across tech
→
Nasdaq futures down more than 2%
What to watch
The AI-driven rally's durability is now the key question.
How companies discuss AI spending and returns in upcoming reports and guidance
Whether futures losses hold or reverse once the cash market opens
Whether the selloff stays broad across the tech sector
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