U.S. technology futures fell sharply on Monday, marking the first trading day of a shortened week. U.S. Tech Futures declined due to lingering concerns about reduced corporate spending on artificial intelligence and intensifying competition within the sector. The drop came as markets in China and other Asian nations remained closed for Lunar New Year celebrations, thinning liquidity across global exchanges. Lunar New Year closures in Asia further pressured U.S. markets, which were already grappling with uncertainty over AI investment trends. AI spending and competitive pressures dominated investor sentiment, outweighing any potential positive developments in the tech sector.