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Nasdaq futures rebound as AI-driven rout hits tech stocks
Nasdaq 100 futures rose 1.43% after a 5.5% drop from an AI‑driven sell‑off, while chip and neocloud stocks led pre‑market gains. The “Magnificent Seven” lost over $1 trillion in market cap, with Nvidia down 9% and a $440 billion loss. VIX jumped 11.57 points, its biggest rise since April 2025. Asian markets fell, with Japan’s Nikkei down 6% and South Korea’s Kospi also declining. Upcoming data includes October non‑farm payrolls (forecast 59,000 jobs, 4.2% unemployment) and Moderna’s earnings, where shares have surged 925% year‑to‑date. Analysts discuss AI stock valuation challenges and potential impacts on upcoming IPOs such as Anthropic.