S&P 500, Nasdaq 100 futures slip 0.19% and 0.59% as chip and AI stocks weigh ahead of Nvidia results and Warsh’s Jackson Hole remarks
AI Market Summary
U.S. equity index futures point to a weaker open as chip and AI infrastructure names slide after sharp tech losses in Asia (notably Samsung and SoftBank) and ahead of Nvidia's earnings, a key catalyst for the AI trade. Lower WTI is easing inflation expectations and supporting Treasuries, but rate uncertainty persists with Jackson Hole remarks and core PCE data approaching. Trade tensions (U.S.-Canada tariffs) add macro risk.
Impact level
● High
Affected assets
NCSKNVDA2USD/USDT-3.87%
AI Insight · NCSKNVDA2USD/USDTAI Insight
▼ Bearish
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U.S. stock index futures traded lower in premarket action, with S&P 500 and Nasdaq 100 EMini futures down 0.19% and 0.59%. Chip and tech sentiment was pressured after Samsung Electronics slid more than 8% in Seoul on disappointment over its shareholder return plan. Alibaba Group fell more than 8% in Hong Kong after raising HK$80 billion ($10.2 billion) to fund AI investments, while SoftBank Group dropped over 5% in Tokyo after outlining a record 1 trillion yen ($6.3 billion) retail bond sale for AI funding.
