September Nasdaq 100 E-Mini futures (NQU26) are down -0.42% this morning as concerns about the AI trade linger after forecasts from Western Digital and Sandisk fell short of investors’ lofty expectations.
Western Digital (WDC) tanked over -14% in pre-market trading after the storage maker issued good but not great FQ1 guidance, failing to meet investors’ lofty expectations. Also, Sandisk (SNDK) slumped more than -9% in pre-market trading after the memory maker issued disappointing FQ1 revenue guidance, overshadowing its strong FQ4 results. Those losses spilled over into other AI-related stocks and weighed on Nasdaq 100 futures.
