Nasdaq futures crash more than 540 points: 5 things to know before Wall Street opens

Impact · against what's priced in

The call for slower frontier-model development serves as a negative catalyst for semiconductor firms by threatening the aggressive capex cycle that underpins their current growth trajectories. While enterprise software firms benefit from a thematic rotation, this shift is primarily a relative hedge rather than a fundamental change in their individual monetization trajectories.

MRVL−0.40

Challenges what's priced in

The price assumes