Dow Futures rose 0.05%, S&P 500 Futures fell 0.13%, Nasdaq Futures fell 0.41% as sentiment leaned cautious amid continued pressure in AI and memory shares.
Navitas Semiconductor Corp rose 1.9%. It unveiled a 24 kW 800 V-to-12 V power board with Nvidia for AI data centers.
Credo Technology Group Holding Ltd dropped 2.19%. It launched an Open Compute Project workstream to standardize short-reach micro-emitter optics for AI infrastructure.
Marvell Technology slid 2.15%. It introduced a six-channel CXL 3.2 memory expander aimed at easing AI inference bottlenecks.
Lumentum declined 1.53%. Optical names softened amid cautious commentary on AI spending highlighted in recent reports.
Micron Technology retreated 1.77%. Options activity signaled defensive hedging alongside cautiously bullish positioning.
Intel slipped 1.49%. Heavy short-strangle structures in options indicated a premium-collecting, defensive stance.
Advanced Micro Devices (AMD) ticked down 1.18%. It outlined Helion, a platform targeting agentic-AI systems.
Chip stocks fell, with Direxion Daily Semiconductors Bull 3x Shares (SOXL) falling 3.23%, Astera Labs, Inc. (ALAB) falling 1.89%, ARM Holdings falling 1.66%, SUPER MICRO COMPUTER INC (SMCI) falling 1.58%.
Memory chip stocks fell, with SanDisk Corp. falling 3%, Western Digital falling 2.54%, Roundhill Memory ETF (DRAM) falling 1.92%, Seagate Technology PLC (STX) falling 1.49%.
Optical communication stocks fell, with AXT Inc falling 2.0%.
Crypto stocks fell, with BITMINE IMMERSION TECNOLOGIES INC (BMNR) falling 3.4%, Circle Internet Corp. (CRCL) falling 3.18%, Strategy falling 2.54%.