Stock futures are mixed as chipmakers come under pressure: Live updates

Stock futures were mixed early Tuesday as artificial intelligence-linked names, chipmakers in particular, came back under selling pressure following a mostly higher session on Wall Street.

The setup matters for context. The S&P 500 and Nasdaq had clawed back some of their steep losses from the prior week, so Tuesday's chip weakness lands on indexes still working to repair damage rather than sitting at fresh highs.

The split in futures reflects that tension. Broad-market buyers who drove Monday's mostly higher close are meeting renewed selling in the AI trade, the same group that helped define the prior week's sharp drawdown. Interpretation: the rebound has not yet erased the concern that pushed indexes lower, and semiconductor-linked names remain the pressure point.

For SPY-focused traders, the read-through is straightforward. When index futures diverge like this, leadership sits in a narrow slice of the market. Chip weakness can drag cap-weighted benchmarks even if the rest of the tape holds, so Tuesday's direction hinges on whether AI-linked selling spreads or stalls.

Monday's recovery was partial, not complete. The index has recouped only some of last week's steep losses, which leaves overhead supply from the prior selloff in play. Rallies that fail to retrace the full decline often stall near the breakdown zone, so treat the bounce with caution until buyers prove they can hold gains through chip weakness.