Nasdaq futures fall as tech sell-off continues

June 26, 2026

Breaking News

Image source: AI-generated with OpenAI

Stock futures were lower early Friday as a sell-off in tech gathered pace amid mounting concerns over the rising cost of artificial intelligence infrastructure.

Nasdaq-100 futures lost 1.2%, while S&P 500 futures were down 0.5%. Dow Jones Industrial Average futures shed 67 points, or 0.1%.

The State Street Technology Select Sector SPDR ETF dropped 1.6%, led by a 13% slide in On Semiconductor after the chipmaker agreed to acquire Synaptics for $7 billion.

Sandisk and Micron Technology, meanwhile, slid more than 5% each.

Friday’s decline is a continuation of the previous session, in which investors moved out of tech names, putting pressure on the Nasdaq and other global markets. CNBC reports.

EdgeUp

💾 Micron falls 5% in premarket, paring earlier gains amid tech rout

Micron Technology’s shares tumbled on Friday, paring gains from earlier in the week after reporting blowout earnings.

The memory chipmaker declined nearly 5% in premarket trading as other U.S. semiconductor firms also struggled. Intel was last down just over 3%, Sandisk fell 5%, Arm shed 4%, and Marvell declined 3.7%.

Investors remain wary of the rising costs of artificial intelligence infrastructure, with the sell-off reverberating across global markets. CNBC reports.

🤖 SoftBank’s Shares Tumble After Report of OpenAI’s IPO Delay

SoftBank Group Corp.'s stock fell by 12% on concerns that OpenAI may hold off on an initial public offering until next year and delay returns for its Japanese backer.

SoftBank's investment in the ChatGPT maker is slated to stand at roughly $65 billion by October.

Expectations of a big financial windfall from OpenAI's public debut had buoyed SoftBank shares to record highs, helping the company's market capitalization soar above Toyota Motor Corp.'s last month. Yahoo Finance reports.

🛢️ U.S. crude oil falls below $70, resuming losses after attack on cargo ship near Oman

Oil prices extended declines on Friday as more tankers exited the strategically vital Strait of Hormuz, easing supply concerns despite a vessel coming under attack in the Gulf of Oman.

International benchmark Brent crude futures for August were last seen trading 3.2% lower at $72.83 a barrel, extending earlier losses, while U.S. West Texas Intermediate futures for August declined 3.2% to $69.62 per barrel.

The move lower comes as investors closely monitor developments in the Middle East, while assessing whether recent diplomatic efforts would reduce the risk of supply chain disruptions. CNBC reports.

💾 INTC Stock Has More Than Tripled This Year — But Goldman Sachs Names 3 Better Chip Bets

Intel Corp. shares slid over 3% in premarket trading on Friday, even as the chipmaker remained on track to post a third consecutive month of gains.

The move came a day after Goldman Sachs initiated coverage of Intel with a Neutral rating and a 12-month price target of $150, according to Investing.com, which implies about 13% upside from its last close. Yahoo Finance reports.

🔒 Polymarket says hackers stole users’ funds

Prediction market giant Polymarket confirmed that hackers stole funds from an unspecified number of users after a third-party breach.

In an X post on Thursday, Polymarket said that a compromise at a third-party vendor allowed hackers to inject malicious code into its website for some users.

The company said it has contained the incident and is now contacting the affected victims and refunding them in full. Yahoo Finance reports.

🎮 Microsoft lifts price of Xbox consoles due to soaring component costs

Hours after Apple announced price increases for MacBooks and iPads, Microsoft said consumers can also expect to pay more for Xbox game consoles, reflecting rising component costs.

Starting Aug. 1, Xbox Series S consoles containing 512GB of storage will go up by $100 to about $500, Microsoft said Thursday, while models with 1TB will increase by $150 more.

The entry-level Xbox Series X will now start at about $750.

“Last October, we increased Xbox console prices by $20 to $70 in the U.S.,” the company said in a blog post. “We hoped another price increase would not be necessary, and we have spent the last several months working with suppliers on options.” CNBC reports.

💾 The AI boom now has a price tag — and Micron just sent the bill

Micron's blowout earnings did not just revive the AI trade. They showed how expensive it is becoming.

The memory chipmaker is getting paid first because AI demand is running into a supply bottleneck. The harder question is who pays next: Big Tech, device buyers, cloud customers, AI users, or the broader economy.

That question is why Micron stock can surge and still look cheap on Wall Street's profit forecasts. Yahoo Finance reports.

🪙 Binance says some European clients may be affected after pulling bid for Greek license

Cryptocurrency exchange Binance has told some European Union clients that services may be affected after it withdrew an application for European Union regulation via Greek authorities.

All crypto asset businesses have to obtain a license under the bloc’s Markets in Crypto-Assets Regulation by July 1, or risk penalties.

The company told CNBC in a statement that it will pursue an authorization in another EU member state.

Binance also told CNBC that “we will take the necessary steps before July 1 to remain compliant with applicable requirements.” Some users may be impacted, but the exchange said it will communicate with them to provide clear information on next steps and is confident that it will be able to secure a license “in the coming months.” CNBC reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) ILLR: Triller Group Inc.
Total gain: +64.26%

2) SDOT: Sadot Group Inc.
Total gain: +49.68%

3) SHPH: Shuttle Pharmaceuticals Holdings, Inc.
Total gain: +24.87%

4) CANF: Can-Fite BioPharma Ltd.
Total gain: +22.79%

5) GTE: Gran Tierra Energy Inc.
Total gain: +15.92%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on June 25.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET) Stock Analysis reports.

1) ILLR: Triller Group Inc.
Total gain: +296.57%
The company announced the first major step in that strategy. As described in the company's release and Form 8-K, we have entered into a transaction to acquire a SPCX-linked position — economic exposure to SpaceX through an established fund structure — expected to be held through a wholly owned subsidiary as a strategic treasury asset, with financing secured by the underlying position. I encourage you to read the full release and 8-K for the structure, parties, and risks in detail. Globe Newswire reports.

2) FWAC: Futurewave Acquisition Corporation
Total gain: +65.29%
The company announced the pricing of its initial public offering (“IPO”) of 7,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share, one redeemable warrant, and one right. Globe Newswire reports.

3) DPC: DPC Holdings PLC
Total gain: +42.06%
The company announced the pricing of its upsized initial public offering of 27,858,585 ordinary shares at a public offering price of $33.00 per share. In addition, Doncasters has granted the underwriters a 30-day option to purchase an additional 4,178,787 ordinary shares at the initial public offering price, less underwriting discounts and commissions. Businesswire reports.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

XAIR: Beyond Air
Q4 2026
Before Market Open
Estimate: -0.560
Actual: N/A

CNVS: Cineverse
Q4 2026
Before Market Open
Estimate: -0.010
Actual: N/A

APOG: Apogee Enterprises
Q1 2027
Before Market Open
Estimate: 0.410
Actual: N/A

Today’s Economic Dates

Time (ET) / Report / Period

8:30 AM - Advance Economic Indicators Report - May
8:30 AM - Wholesale Inventories - May
8:30 AM - Retail Inventories - May

Parting Thoughts

“It is the mark of an educated mind to be able to entertain a thought without accepting it.”

– Aristotle

Sourced in: Attributed quotation — GoodReads.

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