Global Chipmaker Stocks Tumble as Selloff Deepens, Black Market for AI Chips to China Raises Geopolitical Concerns

Nasdaq 100 futures have fallen significantly as a global selloff in chipmakers intensifies, driven by concerns over high valuations. This comes as reports highlight a thriving black market facilitating the flow of advanced AI semiconductors to China, circumventing US export controls and underscoring the geopolitical race for artificial intelligence dominance.