TREE NEWS reports: Nasdaq 100 futures fell 1.8% and S&P 500 futures dropped 1% as AI investment sentiment cooled, with Meta raising capex plans despite beating revenue while Tesla cut spending. Lam Research shares fell more than 7% on weaker-than-expected guidance. Investors are questioning how long large data-center and compute investments will take to pay off, pushing the 10-year Treasury yield down 4 basis points to 5.08% and Brent crude above $112 a barrel.
AI return concerns drag Nasdaq futures, lift Treasuries
AI take
The divergence within big tech is the signal here: Meta raising capex while Tesla trims it shows AI spending is no longer treated as a uniform bet, and Lam's guidance miss suggests the equipment layer feels demand hesitation first. The move into Treasuries alongside oil above $112 points to a broader risk-off tilt rather than an AI-specific repricing. The open question is whether hyperscaler capex commitments hold through the next earnings round, or whether the payoff timeline scrutiny starts to bite at the largest spenders.
Generated by AI for reference only.
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