Global markets face a risk-off session as chipmakers tumble on AI development concerns and WTI crude prices rally over 2% following pipeline closures in Saudi Arabia.
Nasdaq 100 E-Mini futures plunged -1.77% pre-market amid heavy selling in chipmakers.
WTI rude rose over +2% after Saudi Arabia closed its East-West pipeline following recent attacks.
Shanghai Composite closed slightly lower -0.07% as AI-linked stocks sank.
Salesforce to host investor session this week, no immediate price move mentioned.
Lennar expected to report earnings this week, no price bias provided.
S&P 500 futures likely lower given Nasdaq decline and risk-off sentiment, though not explicitly quoted.
Euro Stoxx 50 Index down -1.22% pressured by AI slowdown fears and rising oil prices.
Nikkei 225 closed down -0.81% with AI sector tracking Asian peer losses.
Marvell Technology shares down over -7% in pre-market trading amid AI slowdown concerns.
Intel shares fell about -6% pre-market as chipmakers sold off on AI investment cycle fears.
Micron Technology dropped over -5% in pre-market following the broader semiconductor sell-off.
Hewlett Packard Enterprise rallied over +12% on Friday due to hyperscaler capex optimism, but article focus is broad market weakness.
Dell Technologies surged over +11% on Friday on AI spend boost, but no new price action reported today.
ON Semiconductor gained over +8% on Friday, but sentiment may be tempered by current AI slowdown concerns.
Analog Devices advanced over +4% on Friday, but broader AI sentiment has turned cautious.
Amazon.com rose over +1% on Friday as part of Magnificent Seven strength, but not directly linked to today's drop.
Alphabet gained over +1% on Friday, but overall tech sentiment is bearish today.
Seagate Technology tumbled over -3% on Friday after Deep Seek's V4.1 Flash model signaled lower storage demand.
Sandisk dropped over -3% on Friday on concerns over reduced NAND demand from AI models.
GSK climbed over +3% on positive trial results for two lung cancer drugs.
Nasdaq 100 E-Mini futures dropped 1.77% in pre-market trading as major AI industry leaders, including Anthropic and OpenAI, called for a deceleration in frontier model development. The shift in sentiment triggered a broad sell-off in semiconductor and AI infrastructure stocks, while rising oil prices further pressured global markets.
Chipmakers are declining due to concerns that calls from major AI industry leaders to slow down the development of frontier AI models could dampen the current AI investment cycle.