Nvidia, AMD, and Intel slide again as chip rally stalls

Nvidia, AMD and Intel shares faced renewed pressure in Tuesday’s US premarket trading, threatening to reverse a semiconductor recovery that lasted just one trading day. Nasdaq 100 futures fell about 0.3% after Monday’s gains. The reversal followed heavy selling in Asian chip stocks, while Brent oil climbed above $110 a barrel. Investors still believe AI requires more computing power, but they question whether customers can generate sufficient returns on that investment to justify the cost. Meta’s upcoming earnings report will test whether big tech can sustain ambitious AI spending plans. Analysts warn that debt in the AI ecosystem could reach $2 trillion by late 2027, with rising interest costs potentially forcing project delays.