Nasdaq Futures Lead Losses as Chip Stocks Weigh

The Wall Street Journal

Tue, February 17, 2026 at 8:35 PM GMT+9 1 min read

In this article:

•                                       StockStory Top Pick 
  

  MU

  -0.56%

  AMD

  +0.67%

  PLTR

  +1.74%

 ^IXIC  

 -0.22%  

 

 

 TOL  

 +2.16%  

• brendan mcdermid/Reuters

Nasdaq-100 futures led losses early Tuesday, with a premarket decline in big chip stocks suggesting AI jitters have further to run.

Shares of Intel, Micron and AMD were all down 1% or more ahead of the open, as wre Google parent Alphabet and data-analytics provider Palantir. Concerns over AI’s long-term disruptive potential roiled a range of sectors in recent sessions and helped push U.S. indexes to losses last week.

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This week’s holiday-shortened data docket consists mostly of reports delayed by the government shutdown. Friday’s advance fourth-quarter GDP release will give a baseline for growth expectations in early 2026.

Medical-device maker Medtronic, Palo Alto and Toll Brothers are among the companies slated to report Tuesday. Around one-quarter of S&P 500 companies have yet to report fourth-quarter results. Of those that have, roughly 80% have matched or beaten expectations, according to LSEG.

Treasury yields drifted lower. The dollar weakened against the yen, but strengthened against the pound after weak U.K jobs data. Prices for metals, including gold, silver and copper, dropped.

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