Futures
US stock futures point to a weaker open. S&P 500 futures are down 0.7%. Nasdaq 100 futures are down 1.28%, the weakest of the four. Dow futures are down 0.38%, and Russell 2000 futures are down 0.59%.
Themes
AI infrastructure & data centers ▼ median −6.22%: NBIS −14.54%, CRWV −9.99%, SMCI −6.62%, DELL −5.82%, HPE −3.48%, VRT −3.22%
Semiconductors ▼ median −3.65%: NVDA −8.77%, ALAB −4.36%, MRVL −4.12%, ARM −3.65%, MPWR −3.29%, INTC −3.26%, and 1 more
Memory & storage ▼ median −4.36%: SNDK −6.30%, MU −4.45%, STX −4.36%, WDC −3.93%, P −3.27%
AI infrastructure & data centers: The group fell, with a median move of −6.22%. Nebius (NBIS) dropped 14.54% and CoreWeave (CRWV) fell 9.99%. Super Micro (SMCI) lost 6.62% and Dell (DELL) lost 5.82%. A report said voters rejected data centers in 10 states, which raises regulatory risk for the AI build-out.
Semiconductors: The group fell, with a median move of −3.65%. Nvidia (NVDA) fell 8.77%, Astera Labs (ALAB) fell 4.36% and Marvell (MRVL) fell 4.12%. Nvidia's drop followed a New York Times report that CEO Jensen Huang had a second affair and that the board is preparing to remove him.
Memory & storage: The group fell, with a median move of −4.36%. Sandisk (SNDK) fell 6.3% and Micron (MU) fell 4.45%.
