Nasdaq 100 Futures Slide 1.8% as AI Trade Stumbles: Markets Wrap
Nasdaq 100 futures dropped 1.8% as investor confidence in the AI sector wavered following mixed earnings reports from major tech firms. Markets are shifting toward safer assets like Treasuries as concerns over AI monetization grow.
Why it matters
The cooling of the AI investment boom could signal a broader market correction and a shift in how capital is allocated to emerging technologies.
This content was published on October 22, 2026 - 10:04 4 minutes (Bloomberg) — The rebound in the artificial intelligence trade is faltering after earnings from some of the sector’s biggest spenders failed to sustain the positive mood, with investors turning to Treasuries for safety.
Nasdaq 100 futures stumbled 1.8%, threatening to erase much of the index’s 2.2% gain this week after mixed reactions to results from Meta Platforms Inc. and Tesla Inc. Meta climbed in late trading after topping revenue estimates and raising its capital spending plans, while Tesla fell as it cut back on spending.
Weaker-than-expected guidance from chip-equipment maker Lam Research Corp. sent its shares more than 7% lower and weighed on peers. S&P 500 contracts fell 1%. Oil prices rose following deadly attacks in Saudi Arabia, adding to the downcast mood as Brent crude topped $112 a barrel.
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