US Futures Edge Lower After Tech Rout

US Futures Edge Lower After Tech Rout

US stock futures edged lower on Friday after the major indexes declined in the previous session, pressured by a broad selloff in semiconductor stocks.

Investors also digested the latest corporate earnings, with Netflix plunging nearly 9% in extended trading after its results disappointed investors already concerned about slowing user engagement and intensifying competition from short-form video platforms. During Thursday's regular session, the tech-heavy Nasdaq Composite dropped 1.4%, while the S&P 500 and Dow Jones fell 0.51% and 0.2%, respectively.

Market participants are increasingly questioning whether the lofty valuations of AI-related chipmakers remain justified given the industry's aggressive growth expectations.

Micron Technology and AMD each slumped more than 5%, while SanDisk sank over 12%, Broadcom lost about 5%, and US-listed shares of SK Hynix tumbled more than 13%.

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