Nasdaq Futures Drop Amid Chip Stock Selloff; Netflix Falls on Weak Forecast
Nasdaq futures fell sharply as the selloff in chip stocks worsened amid concerns over stretched valuations following a strong first-half rally. The decline was exacerbated by a breakthrough from Chinese AI startup Moonshot and weaker-than-expected revenue guidance from Netflix, which added pressure to market sentiment.
Topics: AI stocks chip sector global markets Middle East tensions Netflix earnings