Stock futures were down Friday as a selloff in stocks linked to the artificial-intelligence buildout continued to reverberate across the globe.
Nasdaq-100 futures were down around 2% this morning, following a bruising session overseas that sent Taiwan and Japan's benchmark indexes falling 6.5% and 4%, respectively.
Bouts of volatility have plagued chip stocks in recent weeks as some investors worry that valuations and AI spending might be too high.
Meanwhile, oil prices were on track for a weekly gain of more than 10% as rising U.S.-Iran tensions raise concerns about broader upheaval.
The U.S. struck multiple bridges in Iran on Thursday, part of an effort to cut off supply routes to a port city and naval base that Tehran uses to attack ships in the region.
