Nasdaq futures are lower as investors eye AI trade, brace for more data and earnings: Live updates
Nasdaq futures rose modestly Thursday as chipmakers and neocloud stocks led a premarket rebound following Wednesday's steep technology selloff. The Nasdaq suffered its deepest one-day decline since April 2025, erasing $2.5 trillion in market value amid fears of heightened AI scrutiny and potential data-center construction curbs after Democratic gains in the U.S. midterm elections. Investors are now focused on upcoming economic data and earnings for direction.
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- ✓ The Nasdaq notched its deepest one-day drop since April 2025 on Wednesday, wiping out $2.5 trillion in market value.
- ✓ The selloff was driven by fears of more AI scrutiny, particularly on data centre construction, after Democrats won big in U.S. midterm elections.
- ✓ Chip and neocloud stocks led premarket gains Thursday as futures attempted a comeback.
What changed
Nasdaq futures turned positive in premarket trade after Wednesday's $2.5 trillion Nasdaq wipeout, with chip and neocloud names leading the rebound.
Live updates
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Nasdaq futures edge higher after AI-driven selloff wipes $2.5 trillion
Nasdaq futures rose modestly Thursday as chipmakers and neocloud stocks led a premarket rebound following Wednesday's steep technology selloff. The Nasdaq suffered its deepest one-day decline since April 2025, erasing $2.5 trillion in market value amid fears of heightened AI scrutiny and potential data-center construction curbs after Democratic gains in the U.S. midterm elections. Investors are now focused on upcoming economic data and earnings for direction.
Why it matters
Wednesday's rout reflected a sudden reassessment of AI infrastructure spending assumptions after the midterm results raised the prospect of regulatory and power-constraint headwinds for data-center builders. The selloff spread across chipmakers, hyperscalers and power-exposed utilities, exposing the market's concentration risk. Thursday's futures bounce suggests oversold positioning rather than a fundamental shift in the AI investment thesis.
What is confirmed
- The Nasdaq notched its deepest one-day drop since April 2025 on Wednesday, wiping out $2.5 trillion in market value.
- The selloff was driven by fears of more AI scrutiny, particularly on data centre construction, after Democrats won big in U.S. midterm elections.
- Chip and neocloud stocks led premarket gains Thursday as futures attempted a comeback.
Still unconfirmed
- Heightened regulatory scrutiny could materially slow data-center build-outs and AI capital expenditure plans.
What to watch next
- Upcoming economic data releases and corporate earnings for catalysts
- Any legislative or regulatory signals on AI infrastructure and power permitting
- Nvidia and hyperscaler commentary on 2027 capex outlook
confidence 88%Sources used for this update (9)
- www.investors.com — Stock Market Today: Stock Market News And Analysis
- The New York Times — Opinion | Tech Stocks Had a Terrible Day. What’s Coming Could Be Worse.
- CNBC — Stock futures rise slightly as investors eye AI trade, brace for more data and earnings: Live updates
- Yardeni QuickTakes — US SECTORS CALL: Information Technology, Industrials & Utilities
- Bloomberg.com — Market Vulnerability Has Been Exposed for Good
- Yahoo Finance — Morning Bid: Fragile calm after AI whiplash
- www.businessinsider.com — AI stocks had a wild week. These 4 charts show what Wall ...
- www.rte.ie — Investors wipe $2.5 trillion off Nasdaq on AI fears - RTÉ
- www.cnbc.com — Nasdaq futures make a small comeback after the tech wreck ...
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