Dow futures up, Nasdaq futures slide: Five things to know before Wall Street opens

Impact · against what's priced in

The news is predominantly negative as new regulatory risks regarding power and water usage threaten the long-term capacity expansions that the market was already skeptical of. For neocloud providers like IREN, this reinforces the bear case, while the memory market plunge in Asia creates a new negative catalyst for the broader AI hardware chain.

IREN−0.40

Challenges what's priced in

The price assumes