U.S. tech futures fell in early European trading as a global AI‑driven selloff accelerated. A New York Times report that Open AI may postpone its planned IPO, still chasing a $1 trillion valuation, deepened nervousness around the artificial‑intelligence boom. The dip pushed the Nasdaq toward a fifth consecutive losing day, underscoring fragile sentiment amid broader risk-off trading and weaker macro data.

Asian markets mirrored the downturn, with AI‑linked stocks tumbling and South Korean regulators halting trading for a second time amid a rush from memory‑chip equities. Oil slipped after traffic resumed through the Strait of Hormuz, erasing gains from a prior spike caused by an Iranian attack. Meanwhile, the dollar and Treasury yields retreated from peaks following Thursday’s key inflation release, adding pressure on regional indexes.

Investors now eye the University of Michigan’s final June consumer‑sentiment index and Fed Governor Neel Kashkari’s upcoming panel as the next catalysts. With rate‑hike expectations easing, the broad market remains on the back foot, and any surprise in sentiment data could trigger further equity volatility. The current selloff leaves the tech sector on a precarious footing, significantly.