Dario Amodei

Nasdaq futures came under heavy premarket pressure as concerns over the pace of artificial intelligence development weighed on Nvidia, memory stocks, chip equipment makers and hyperscalers. Crude oil above $100 added a separate layer of inflation and rate concern ahead of the Fed meeting, but the selling pressure remained centered on the AI trade.

December E-mini Nasdaq-100 Index futures moved sharply lower in pre-market trading as sellers pressed the AI and semiconductor trade. Technical levels weakened after the contract took out a key swing bottom and fell below its 50-day moving average.

ByteDance has signed a $29.6 billion loan agreement with 28 banks as the TikTok developer expands its artificial intelligence operations. The financing comes as major technology firms face growing scrutiny over AI spending, safety risks, and infrastructure demand.

Bitcoin advanced as technology and artificial intelligence shares came under pressure following renewed calls for slower AI development. Oil prices added another layer of market stress, with Brent crude climbing above $107 while precious metals retreated.