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Barchart
Barchart
Oleksandr Pylypenko

Nasdaq Futures Slip as Chip Rally Falters Ahead of Alphabet Earnings

September Nasdaq 100 E-Mini futures (NQU26) are down -0.52% this morning as a rally in chip stocks lost momentum ahead of earnings from AI hyperscaler Alphabet.

Chip and AI infrastructure stocks fell in pre-market trading as investors turned cautious ahead of Alphabet’s results. The earnings report will arrive just as chipmakers, the S&P 500’s biggest driver of 2026, are caught in a wave of intense volatility amid concerns that the pace of AI spending cannot be sustained. Against that backdrop, investors will closely watch Alphabet’s guidance on artificial intelligence spending.

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