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S&P 500 futures steady as chip stocks take a tumble

S&P 500 futures remain stable while chip stocks face declines, as investors focus on tech earnings and the Federal Reserve's rate decisions.

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S&P 500 futures steady as chip stocks take a tumble

Chip stocks plunge 2-12% (erasing $1T after 70% YTD rally) as Fed's July 28-29 meeting approaches with 25bp hike expected. The selloff threatens capex budgets for AI infrastructure; tech earnings this week will signal whether sector valuations reset.

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S&P 500 Falls as Chipmaker Rout Outweighs Oil Drop: Markets Wrap

Chipmaker selloff (-4%) sent S&P 500 down 0.3% as $750B AI infrastructure spending draws scrutiny; Nvidia and ASML fell. Market pressure on megaspenders to justify AI capex signals a shift toward financial discipline and ROI focus, tempering enterprise tech budgets.

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S&P 500 futures steady as chip stocks take a tumble

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S&P 500 futures steady as chip stocks take a tumble

S&P 500 Falls as Chipmaker Rout Outweighs Oil Drop: Markets Wrap

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Stocks Waver as Chip Selloff Offsets US-Iran Hopes: Markets Wrap

S&P 500 Falls as Chipmaker Rout Outweighs Oil Drop: Markets Wrap

S&P 500 futures steady as chip stocks take a tumble