September Nasdaq 100 E-Mini futures (NQU26) are down -0.30% this morning, pointing to further losses after semiconductor stocks led Wall Street lower in the previous session.
Chip and AI infrastructure stocks were among the biggest losers in pre-market trading. Sandisk (SNDK) was down over -3%, while Micron Technology (MU) and Marvell Technology (MRVL) were down more than -2%. Sentiment remained dampened by Meta Platforms’ plan to sell computing power, which fueled concerns about excess capacity. Also hurting chipmakers was news that Apple is in talks to buy chips from two Chinese manufacturers, which sparked concerns about intensifying competition.
