FX.co ★ US Futures Edge Lower After Tech Rout

US stock futures edged lower on Friday, following losses in the major indexes during the previous session, as a broad selloff in semiconductor shares weighed on the market. Investors also assessed the latest corporate earnings, with Netflix sinking nearly 9% in after-hours trading after results disappointed traders already worried about slowing user engagement and mounting competition from short‑form video platforms.

On Thursday, the tech-heavy Nasdaq Composite fell 1.4%, while the S&P 500 and the Dow Jones slipped 0.51% and 0.2%, respectively. Market participants are increasingly questioning whether the elevated valuations of AI-linked chipmakers are still warranted in light of the industry’s aggressive growth assumptions. Micron Technology and AMD each dropped more than 5%, SanDisk plunged over 12%, Broadcom declined about 5%, and US-listed shares of SK Hynix tumbled more than 13%.