Tech stocks head south as investors see that growth in AI is not limitless

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Technical stocks decreased in August Investors also interrogated the limits of the growth of artificial intelligence companies. Nvidia, Marvell Technology and Super Micro Computer Inc. Canon is less performance in the broader market in August. This uncertainty may affect the S&P 500, which is dominated by the “wonderful” technology giants.

Nasdaq 100 closed a decrease of 1.22 % on Friday, and while the American markets are closed today to spend the Labor Day, the index’s futures contracts are not: they are trading this morning, which means that investors do not expect many technical stocks once the opening bell rings in New York on Tuesday.

Nasdaq 100 locks down for the month of August (-0.16 %) although the broader S&P 500 increased by 3.56 %.

Technology shares have been exposed throughout the month by discussing whether artificial intelligence was in a bubble. A study conducted by the Massachusetts Institute for Scands indicated

Jim Reed and his team of analysts in Deutsche Bank said this morning: “NVIDIA (-3.32 % on Friday) was a major engine of this softness, and the loss of the ground after Marvel Technology’s expectations about the demand for the consequences of that, as China revealed a new AI dance. Partingly due to a stop in sales of artificial intelligence chips to China,” said Jim Reed and his team of analysts in Deutsche Bank this morning.

Marvel Technology is located in Santa Clara, California, and it creates semiconductor chips. It has a partnership with NVIDIA. At summoning the Q2 2026 financial profits on August 28, CEO Mot Murphy said: “We expect the revenues of the total data center will be in the third quarter flat.” Apartment is not rising, and this sent Marvell shares to a decrease of 19 % the next day. (In May, Marvell eliminated her presentations on the day of investors, noting the total economic uncertainty.)

This disappointment came after calling Nafidia’s profits the previous day. The company reported the growth of revenues in the strong data center, but that was less than the expectations of analysts.

Then there is Super Micro Computer Inc. , Another chips maker is supported by the mutation of artificial intelligence. In early August, her revenue forecast for this year reduced 33 billion dollars. In February, he was estimated at $ 40 billion. Moreover, on August 28, the company said in its annual report, “We have identified physical weaknesses in our internal control of financial reports, which can negatively affect our ability to report our financial state and the results of our operations in a timely manner.” His share decreased by 5.5 % after that and 27 % decreased for this month.

Implementation of artificial intelligence shares can have consequences for the broader market. The value of the “Apple” technology companies (Apple, Amazon, Alphabet, Meta, Microsoft, NVIDIA and Tesla, all of which have placed large stakes on artificial intelligence, are currently 34 % of the maximum market in S&P 500.

Here is a snapshot of markets worldwide this morning:

S & P 500 futures contracts 0.1 % rose this morning. American markets are closed to labor day.
Stoxx Europe 600 It increased by 0.19 % in early trading.
FTSE 100 in the United Kingdom 0.08 % increased in early trading.
Japan Nikki 225 1.24 % decreased.
China CSI 300 It was 0.6 %.
South Korea Cuban 1.35 % decreased.
Elegant India 50 It increased by 0.81 % before the end of the session.
Bitcoin He decreased to 109.3 thousand dollars.