U.S. Stock Futures Mixed Amid Tech Sell-off on AI Sustainability Concerns

U.S. stock futures traded mixed early Thursday as investors grappled with mounting doubts about the long-term viability of artificial intelligence. The Nasdaq 100 eked out a 0.07% gain while the Dow and S&P 500 slipped 0.16% and 0.02% respectively. All eyes turn to Jackson Hole where global policymakers convene today—a symposium that's historically moved markets.

Wednesday's session saw tech giants Amazon, Apple, and Alphabet each drop over 1%, with Intel plunging 7%. The selloff reflects growing skepticism about AI's earnings potential after years of hype. Federal Reserve minutes revealed lingering inflation concerns, suggesting rate cuts remain distant despite market hopes.

Flash PMI data due later could shift sentiment, but for now, capital continues fleeing megacap tech—a sector that's driven much of this year's rally. The retreat mirrors crypto winter's harsh lesson: even transformative technologies face valuation reckoning.