TREE NEWS reports: Nasdaq futures fell 0.85% in early Asia-Pacific trading on Thursday, while S&P 500 futures slipped 0.2% and small-cap futures rose 0.3%. In US after-hours trading, Alphabet Class A shares plunged 10.7%, Nebius fell 4.8%, SK Hynix ADRs and Oracle each dropped 2.9%, and Western Digital lost 2.4%. Apple gained 0.2% and Meta rose 0.9%, while Microsoft’s gain narrowed to 3.9%.
Nasdaq futures fall 0.85% in Asia-Pacific early trade; Alphabet drops 10.7% after hours
AI take
The dispersion is the story: a sharp single-name hit to Alphabet is dragging index futures while small caps and parts of mega-cap tech hold up, suggesting the move is being read as company-specific rather than a broad risk-off shift. The read-through to AI-adjacent names like Nebius and Oracle, alongside memory and storage plays, hints at nerves around the AI trade's valuation rather than its fundamentals. Whether that divergence widens into broader tech weakness or stays contained to the Alphabet complex is the open question worth watching.
Generated by AI for reference only.
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