Nasdaq futures fall 2% as global chip sell-off continues: Live updates

Nasdaq 100 futures dropped 2% Friday morning as a global sell-off in semiconductor stocks intensified, compounding pressure from overnight U.S. strikes on Iran. The decline in chipmakers pulled broader tech indexes lower amid growing anxiety over artificial intelligence capital expenditure.

The futures slide follows mounting concern that the AI spending boom underpinning mega-cap tech valuations may be slowing or facing consolidation. Chip stocks, which have led the Nasdaq's rally over the past year on AI infrastructure demand, led the retreat in overnight trading. The geopolitical backdrop added to risk-off sentiment as U.S. military action against Iranian targets raised oil-price and supply-chain concerns for the technology sector.

Dow Jones Industrial Average futures showed relative resilience compared to tech-heavy indexes, underscoring the concentrated nature of Friday's selling pressure in growth and semiconductor names.