Nasdaq Futures Plunge as Rising Bond Yields Drive Chip Selloff

September Nasdaq 100 E-Mini futures (NQU26) are down -1.21% this morning as a global bond rout sapped investors’ appetite for risk, triggering a selloff in chip and other AI-related stocks. Chip and AI infrastructure stocks bore the brunt of the selling in pre-market trading. Sandisk (SNDK), Micron Technology (MU), and Intel (INTC) each fell more than -5%. The price of WTI crude edged higher on Tuesday as the U.S.-Iran standoff showed no signs of easing, fueling fears of a prolonged and widening conflict. Investors are now awaiting a flurry of U.S. economic data. In yesterday’s trading session, Wall Street’s main…