Tech Stocks Poised to Slide as Global Chip Selloff Deepens

Tech stocks were set to slide as a global selloff in semiconductors deepened, driven by renewed concerns about artificial-intelligence spending and by intensifying competition from China. In early trading, contracts on the Nasdaq 100 were down 1% at 2:59 a.m. in New York, tracking the broad rout in semiconductor shares. At the same time, S&P 500 futures were lower, signaling risk-off sentiment extending beyond chips into the wider tech complex. The move reflects how expectations for AI capex and China-related competitive pressure remain key variables for the sector.