Nasdaq futures fell about 1.3% in early trade after top artificial-intelligence executives called for slowing development, Reuters and market wires reported, putting pressure on chip and AI-linked stocks.
Reuters said futures tracking the Nasdaq 100 index led losses after leaders at major AI companies warned of risks from rapid development and urged a slowdown, weighing on Nvidia and other chipmakers that have driven the AI rally.
Other outlets reported specific moves in futures: Nasdaq e-mini futures fell roughly 1.3% during Asian trade, according to market wires and industry briefs that Reuters cited; CNN and trading services showed premarket declines in several large-cap chip names.
The selloff in AI-linked names coincided with a jump in oil and a rise in Treasury yields. Reuters reported the 10-year U.S. Treasury yield briefly topped 5%, a level market participants said could sway Fed expectations and further pressure equities.
Analysts quoted by Reuters said the combination of safety warnings from AI leaders and higher yields helped spark the move. Jake Dollarhide of Longbow Asset Management told Reuters that the 10-year going above 5% “is huge and speaks volumes,” reflecting how bond markets can alter equity sentiment.
Software and enterprise names diverged: Reuters noted some software stocks rallied as investors rotated within tech, while chipmakers and hardware suppliers led declines, pulling Nasdaq-linked futures lower.
This market action followed a burst of public warnings from figures in the AI industry urging caution on model scaling and capability growth; Reuters linked those statements to the immediate market reaction and the broader flow of money into AI-focused sectors.
For related coverage and background on shifting market sentiment and corporate statements about slowing AI, see our earlier reporting on futures and AI safety concerns and an item on OpenAI’s stance.
Stock market news today: futures slip on AI safety worries and higher oil and OpenAI is open to slowing AI development, Altman told staff offer additional context on moves in futures and company comments.
Sources
- Reuters — reported that futures tracking the Nasdaq 100 led losses after top AI executives called for a slowdown and noted the 10-year Treasury briefly topping 5%.
- StreetInsider / market wires — reported Nasdaq e-mini futures fell about 1.3% during Asian trade and documented premarket declines in chip stocks.
- CNN — reported premarket Nasdaq futures moves and declines in major chip names amid AI-slowdown headlines.
