U.S. stock futures slipped premarket on Friday after a sharp chip-stock sell-off raised concerns that the AI trade could lose near-term momentum, with Dow futures down 0.60% and S&P 500 futures down 0.23%. On Thursday, the S&P 500 fell 1.2% and the Nasdaq 100 fell 2.9%, while oil rose amid escalating geopolitical tensions, with Brent crude around $114 a barrel. Meta Platforms dropped more than 7% after raising its annual AI spending forecast and planning to issue new shares, while Nvidia fell 4.4%, and CEO Jensen Huang said there is a scarcity of capital for AI infrastructure. CoreWeave (CRWV) hit a 17-month low of $53.50 on concerns over debt, and Moderna (MRNA) plunged nearly 18% to $202.63. Before the open, SK Hynix rose almost 5% and Western Digital fell about 2% despite beating fiscal first-quarter earnings expectations.
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Related tickers and likely impact
META
▼ Likely negativeMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/22/2026 | 648.91 |
| Change that session | -6.97% |
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.28 |
| Change that session | -4.36% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 704.59 |
| Change that session | -2.84% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/22/2026 | 764.02 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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