Nasdaq Futures Plunge as Chipmakers Lead Selloff Amid AI Spending Doubts

Nasdaq 100 E-Mini futures are down over 1% as a global selloff in chipmaking stocks intensified, with South Korea's Kospi index falling more than 10% and Japan's Nikkei down approximately 4%. Concerns are growing over the sustainability of the artificial intelligence (AI) spending boom, fueled by the blockbuster debut of a Chinese memory chipmaker and renewed questions regarding whether substantial investments in AI development will generate sufficient returns.