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Nasdaq futures and Bitcoin drop as semiconductor stocks fall on AI valuation doubts

Market News
17 Jul 2026
Crypto Briefing
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Bearish
pluang ai news

Nasdaq 100 futures fell about 2% amid a sharp selloff in semiconductor stocks, driven by concerns over AI-related chip demand. Major chipmakers like Micron, Sandisk, and SK Hynix saw significant declines despite some companies reporting strong earnings, such as Samsung. This selloff reflects growing skepticism about the sustainability of AI hardware valuations that had previously boosted the sector. Bitcoin also dropped roughly 2%, highlighting its close correlation with tech stocks as investors reduce risk exposure across both asset classes.

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Datadog CEO Olivier Pomel sells 127,000 shares for $32.9 million.

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