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S&P 500 and Nasdaq futures slip as Broadcom outlook cools AI optimism
S&P 500 and Nasdaq futures edged lower as Broadcom’s AI margin caution raised valuations concerns, easing some market optimism.
Futures tracking the S&P 500 and Nasdaq slipped on Friday as Broadcom’s latest outlook reignited concerns about an AI-driven valuation bubble, tempering optimism from the Federal Reserve’s recent less-hawkish stance on 2026 rate cuts. Broadcom shares fell after warning of lower future margins on AI system sales despite strong revenue forecasts, while other chip stocks such as AMD and Nvidia also eased in premarket trading.