What happened?
Nasdaq futures were off more than 2% in early European trading as the selloff in technology stocks picked up steam across global markets. Basically, the “risk-on” crowd woke up, checked the scoreboard, and found the scoreboard had been tossed in a blender.
Why investors care
When tech gets hit this hard, it usually doesn’t stay politely in one corner of the market. Growth stocks, high-multiple names, and the AI trade can all get dragged into the same caboose. That can mean:
- more pressure on momentum stocks
- broader index weakness, even outside tech
- a sudden vibe shift from “buy the dip” to “maybe let’s wait five minutes”
Big picture
This is less about one company and more about the market’s appetite for risk. If the selloff keeps widening, you can expect investors to get a lot more selective — and a lot less romantic — about their favorite tech names.