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Oleksandr Pylypenko

Nasdaq Futures Plunge as Chip Selloff Deepens; Netflix Sinks on Disappointing Forecast

Netflix United States eurozone Jeff Schmid Lorie Logan US Federal Reserve Inflation

September Nasdaq 100 E-Mini futures (NQU26) are down -1.61% this morning as the global selloff in chip stocks deepened.

The selloff in stocks tied to the AI buildout continued to ripple across global markets. Taiwan’s benchmark Taiex and Japan’s Nikkei Stock Average slid into technical correction territory on Friday, battered by heavy selling in AI-related shares amid concerns that their valuations have become too stretched following a historic rally in the first half of the year. Also hurting AI-related stocks was a surprise breakthrough from Chinese AI startup Moonshot, which said its Kimi K3 model could compete with the strongest offerings from OpenAI and Anthropic PBC, prompting investors to draw parallels with last year’s “DeepSeek moment.” U.S. chip and AI infrastructure stocks slid in pre-market trading.

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