Nasdaq Futures Fall as Global AI Selloff Intensifies

Nasdaq futures fell as a global AI selloff intensified, with chip stocks absorbing the worst of the damage, according to The Wall Street Journal. The tech-heavy NDX is the primary pressure point heading into the session.

The divergence is the story. The Dow got a lift from bank earnings, while AI-related jitters hit semiconductor names. That split shows money rotating away from the AI trade rather than out of equities altogether, at least on this evidence.

The selloff is described as global, which suggests the pressure is not confined to U.S. chip names. Interpretation: a synchronized move across regions raises the odds that this is a positioning unwind in a crowded theme rather than a single-company problem, though the source does not say what triggered it.

The contrast with bank earnings matters for index construction. The Dow, which carries a different sector mix than the Nasdaq, is cushioned by financials strength, while the NDX has no equivalent offset when chips weaken. Interpretation: expect continued underperformance of the NDX relative to the Dow as long as AI sentiment stays fragile and bank results keep supporting the blue-chip index.