(Bloomberg) -- Nasdaq 100 futures tumbled 1.9% as the global selloff in chipmakers gathered pace, with traders rushing to exit positions in stocks that had fueled this year’s rally but whose valuations grew increasingly rich.

The Nasdaq Composite fell 2.21% as semiconductor stocks cratered, dragging Bitcoin below $63K and ether down over 4% in a broad risk-off selloff.

(Bloomberg) -- Asian stocks fell alongside US equity-index futures as a selloff in chipmakers deepened with investors questioning whether they had rallied too far and too fast…