Advanced Micro Devices is trading at $560.00, down 3.19% in pre-market after Samsung cut its fourth-quarter outlook, raising concerns about chip demand and a possible memory inventory glut.

  • Weaker-than-expected AI-related spending at Alphabet and Microsoft is adding to concerns about the pace of infrastructure investment.
  • Nasdaq futures are down 1.16% in the supplied market context, while SOXX is down 2.81% pre-market.
  • No fresh company-specific catalyst was identified; the decline appears sector-led.