AI Stock Rout Sends AMD Lower as Dow Futures Drop 1.3%, S&P Holds 5,100
Premarket futures linked to the Dow fell about 1.3% as AI-related shares, including AMD, slumped alongside Nvidia’s 2% decline while Block jumped 4.7% and Netflix rose 3.2%. S&P 500 futures held near the 5,100 threshold after the tech-driven reversal tempered broader market gains.
1. Dow Futures Slide on AI Stock Decline
Pre-market contracts for the Dow Jones Industrial Average fell roughly 1.3% after renewed concerns over artificial-intelligence valuations led Nvidia shares down about 2%. AMD, closely tied to AI chip demand, followed the tech selloff, while fintech firm Block soared 4.7% and entertainment streamer Netflix climbed 3.2%.
2. S&P 500 Futures Maintain Key Support
Despite the tech-led downturn, S&P 500 futures held firm around the 5,100 mark, suggesting investors viewed the pullback as a buying opportunity. Market participants noted that broader sectors outside AI technology provided a floor for equity sentiment ahead of the weekend.