Nasdaq futures crash over 500 points: 5 things to know before Wall Street opens

Impact · against what's priced in

The news is primarily a negative catalyst for AI-exposed tech as it reinforces existing market skepticism regarding long-term growth sustainability. TSLA's capex cut directly undermines the AI scaling narrative, while LRCX and IBM prove that current pricing is so sensitive to growth ceilings that beats are insufficient to trigger a rerating.

TSLA−0.70

Challenges what's priced in

The price assumes