Nasdaq 100 Futures Fall 0.9% on AI Chip Selloff; Samsung's 19x Profit Surge Fails to Ease Recovery Concerns

According to Youanalyze, Nasdaq 100 futures fell 0.9% on Tuesday, July 7, 2026, as selling pressure from AI chip stocks weighed on the market. Micron Technology dropped 5.6%, Western Digital fell 6.2%, and Sandisk declined 5.2%. Intel was down 4%, while Marvell Technology and Qualcomm lost 4.5% and 2.4% respectively.

Samsung Electronics reported a 19-fold increase in second-quarter operating profit but saw its stock plunge on South Korean markets. Market concerns have shifted beyond near-term demand to doubts about whether AI investments can justify current valuations and whether cloud providers' trillion-dollar capital expenditures on AI infrastructure will deliver sufficient returns.