Technology Sector Under Pressure - Nasdaq Futures Plummeted

The technology sector of the American stock market came under strong pressure on Tuesday. Nasdaq futures fell more than 2% as investors worry about possible interest rate increases from the Federal Reserve and the sustainability of massive, debt-financed investments in artificial intelligence (AI).

In pre-market trading, shares of technology giants declined. Nvidia and Alphabet lost nearly 3% in value, while shares of Intel, Marvell Technology, and AMD fell 6% to 8%.

According to analysts' assessments, the current decline is more linked to a shift in investor sentiment than to a deterioration of the fundamental prospects of the AI sector. However, this once again demonstrates how dependent market growth is on a relatively small group of technology companies.

Additional pressure was caused by SpaceX's decision to enter the bond market to finance AI and infrastructure projects. This heightened fears that major technology companies are spending excessive amounts on artificial intelligence and increasingly financing these expenses through debt.

Markets now expect the Federal Reserve to increase interest rates by a total of 50 basis points by the end of the year, indicating a stricter monetary policy compared to expectations that existed two weeks ago.

At the same time, developments in the Middle East remain in the spotlight. The U.S. granted Iran a 60-day sanctions exemption, although the uncertainty existing in the region continues to impact investor sentiment.