September S&P 500 E-Mini futures (ESU26) are down -0.51%, and September Nasdaq 100 E-Mini futures (NQU26) are down -1.18% this morning as renewed selling pressure hit the tech sector, with chipmakers leading the declines.
Chip and AI infrastructure stocks slumped in pre-market trading. Sandisk (SNDK) and Micron Technology (MU) fell over -5%, while Western Digital (WDC) dropped more than -4%. The weakness followed a selloff in Samsung Electronics and SK Hynix, which triggered a second trading halt in Seoul within days. Investors grew concerned that price hikes across products from Apple and Microsoft could weaken demand for chips and eventually slow the chip rally that has fueled much of the AI trade.
