A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 16, 2026.
Jeenah Moon | Reuters
U.S. stock futures were mixed on Tuesday, with artificial intelligence-linked names coming back under selling pressure following a mostly higher session on Wall Street.
S&P 500 futures fell 0.2%, while Nasdaq-100 futures slid 0.7%. Dow Jones Industrial Average futures traded around the flatline.
Micron Technology and Sandisk fell more than 2% and 3%, respectively. Seagate Technology, Intel and Advanced Micro Devices were all down about 2%. The VanEck Semiconductor ETF (SMH) pulled back more than 1%. CoreWeave shed more than 4%.
Sentiment in tech took a hit after Korean AI firm Elice tumbled more than 30% overnight in its public market debut. Investors recently have been worried about the sustainability of the AI trade, as debt and demand concerns grow.
The S&P 500 climbed 0.4% in regular trading on Monday, while the Nasdaq Composite advanced more than 1%. Nvidia added 1.4%, and Tesla jumped 3.8%. Alphabet shares advanced about 1%.
It marked a rebound from last week’s rout, which spilled over into the broader market, as concerns grew around companies borrowing too much money for their AI build-outs.
“Improving moods regarding the prospects of modern technology have Wall Street breathing a sigh of relief as participants drop hedges, after the cost of volatility protection soared intraday on Friday, ahead of the intensifying selloff,” wrote Jose Torres, senior economist at Interactive Brokers.
CoreWeave, which fell more than 25% last week, tried to recover some of that decline after a Goldman Sachs upgrade to buy. However, early gains fizzled and the stock closed slightly lower.
Asia-Pacific markets declined Tuesday, after U.S. stocks rose overnight. South Korea’s Kospi lost 3.73%. Japan’s Nikkei 225 declined 1.3%, while Australia’s S&P/ASX 200 fell 0.33% to 8,816.9.