Nasdaq Futures Tumble Over 2% Amid AI Spending and Fed Rate Concerns
Nasdaq futures dropped over 2% as investors reacted to rising U.S. interest rate expectations and skepticism regarding the sustainability of debt-financed artificial intelligence infrastructure. According to Reuters, the decline in tech-heavy futures follows a broader global selloff, with major chipmakers including Nvidia, Intel, and Advanced Micro Devices seeing significant premarket losses. Why Is the Tech … Read more