Nasdaq Futures Drop 0.66% as Global Tech Sell-Off Deepens on AI Cost Fears

3 articles · Updated · CNBC · Jun 25

Asia and Europe extended the tech rout Friday, with South Korea’s Kospi sliding 5.81%, Japan’s Nikkei 225 falling 4.15% and the Stoxx 600 opening 0.4% lower as investors dumped growth names.
Rising AI infrastructure and component costs drove the retreat after Apple sank 6% on iPad and MacBook price hikes and Microsoft fell more than 3% after raising Xbox console prices.
U.S. futures reflected the rotation: Nasdaq 100 futures lost 0.66% and S&P 500 futures dipped 0.16%, while Dow futures rose 92 points as money shifted into healthcare, financials and industrials.
SoftBank plunged more than 12% in Asia, pressured further by Arm’s 3.2% overnight drop and reports OpenAI may delay an IPO until next year amid difficulty securing demand at a $1 trillion valuation.
The sell-off has left the Nasdaq Composite on pace for a 4.4% weekly loss, with strategists warning that pricier AI buildouts and shifting Fed expectations are creating a more volatile tech market.