Nasdaq Futures Slip Amid Tech Selloff and Chip Stocks Decline

Nasdaq futures slipped as a selloff in technology shares deepened, with semiconductor stocks leading the declines. The pressure raised the prospect that the Nasdaq could post one of its worst weeks of the year, extending a stretch of weakness across high-multiple growth names.

Chip stocks were at the center of the move, reflecting how heavily index performance now leans on a handful of AI-levered semiconductor and platform companies. When sentiment toward that group turns, the concentration that powered the rally can just as quickly amplify the downside.

Reports tied part of the caution to OpenAI's reported move to weigh delaying its IPO, which clouded the near-term AI narrative and rippled across related names. With investors reassessing AI-infrastructure spending and valuations, market direction may hinge on upcoming earnings and macro data. A brief correction could offer a re-entry point for long-term investors, while continued weakness would point to a broader repricing of the tech complex.