NewsSignals AI analysis·Reuters·
S&P 500 futures steady after midterm rally; Nasdaq lags on chip weakness
Grade Abearish AI signal$SPX$NDX$QCOM$NVDA$MRVL$INTC
U.S. equity futures were mixed Thursday as weakness in semiconductor and AI infrastructure stocks weighed on Nasdaq futures, while S&P 500 futures held steady after the previous session's rally. Qualcomm plunged 10.1% after missing smartphone chip sales estimates, while Nasdaq 100 futures fell 0.63% and Dow futures gained 0.48%; UBS warned that around 30% of expected 2028 data-center additions could be at risk. Continued pressure on chipmakers and AI infrastructure stocks could weigh on the Nasdaq, although valuations nearing multi-year lows may limit further downside.
Bullish strength: 35/100
- S&P 500 futures remained broadly steady after the index posted its biggest one-day percentage gain in three months.
- Dow futures gained 0.48%.
- Large-cap technology stocks including Amazon, Meta and Alphabet rose around 0.5%.
- UBS said much of the negative AI infrastructure outlook may already be priced into semiconductor stocks, with valuations nearing multi-year lows.
Bearish strength: 65/100
- Nasdaq 100 futures fell 0.63% as chip and data-center stocks remained under pressure.
- Qualcomm dropped 10.1% after missing smartphone chip sales estimates.
- Nvidia, Marvell and Intel traded lower.
- UBS estimated around 30% of expected 2028 data-center additions could be affected by pauses.
- Data-center operators, neocloud companies, utilities suppliers and AI server makers traded lower.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.