US Stock Futures Decline as AI Selling Continues and Inflation Concerns Intensify
US stock futures traded lower on Thursday, October 15, as Wall Street confronted another round of selling in artificial intelligence-related companies, despite strong quarterly earnings from Taiwan Semiconductor Manufacturing Company. Investors also focused on fresh economic releases, rising borrowing costs and concerns about the financial sustainability of large AI infrastructure investments.
Ahead of the opening bell, Nasdaq 100 futures declined approximately 1.2%, while S&P 500 futures slipped 0.3%. Dow Jones futures gained around 0.2%. Wednesday’s trading session had already produced substantial losses across technology shares after stronger-than-expected US consumer inflation increased expectations of further Federal Reserve interest-rate increases. The yield on the benchmark 10-year Treasury note eased toward 5.09% on Thursday morning after reaching approximately 5.30% during Wednesday’s session.
TSMC Reports Record Quarterly Results but Shares Decline
Taiwan Semiconductor Manufacturing Company (TSM) attracted attention after announcing third-quarter results. The company reported revenue of approximately NT$1.49 trillion, equivalent to $46.72 billion, representing annual growth of around 50%. Earnings reached NT$29.43 per ordinary share, equivalent to approximately $4.60 per American depositary receipt. Despite the financial performance, TSMC’s US-listed shares declined more than 2% in pre-market trading. Management also expressed caution regarding macroeconomic uncertainty heading into 2027.
Nvidia, Micron and AMD Face Renewed Selling Pressure
Nvidia (NVDA), Micron Technology (MU) and Advanced Micro Devices (AMD) remained under pressure as the semiconductor sector extended its recent decline. Broadcom (AVGO), Intel (INTC) and several data-storage companies also experienced weakness. Memory manufacturers faced concerns about competition from Chinese suppliers, while investors continued examining the scale of capital expenditure associated with AI computing infrastructure.
Also Read: US Stock Market Today: Nasdaq Slides as AI Selloff Deepens, Dow Gains
CoreWeave Falls as AI Infrastructure Financing Comes Under Scrutiny
CoreWeave (CRWV) declined approximately 6% in pre-market trading after losing around 15% during Wednesday’s regular session. The cloud infrastructure provider has become a focal point of concerns about debt financing and the capital requirements associated with expanding AI computing capacity. Building and operating large data centers requires substantial investment in specialized processors, electricity infrastructure and related equipment. Higher interest rates can increase financing costs for capital-intensive businesses.
Rocket Lab Slides After Delaying Neutron Rocket Launch
Rocket Lab (RKLB) declined approximately 9% in pre-market trading after announcing that the inaugural launch of its Neutron rocket is now expected in 2027. The company disclosed the revised schedule on October 14, citing continuing development work and improvements to manufacturing and testing processes. Neutron is intended to expand Rocket Lab’s capabilities beyond its existing Electron launch vehicle into larger commercial, government and national-security missions.
Charles Schwab, PNC and U.S. Bancorp Lead Banking Earnings
The financial sector remains active, with Charles Schwab (SCHW), PNC Financial Services (PNC), U.S. Bancorp (USB) and Bank of New York Mellon (BK) on Thursday’s earnings calendar. Their quarterly reports provide information about client assets, deposit trends, lending activity, interest income and operating expenses.
Earnings After the Closing Bell
Alcoa (AA), Interactive Brokers (IBKR) and J.B. Hunt Transport Services (JBHT) are scheduled to report after Thursday’s US market close. Alcoa’s results will provide information about aluminum demand and production costs, while Interactive Brokers will report on its brokerage operations. J.B. Hunt’s earnings will offer another perspective on freight transportation demand and conditions across the US logistics industry.
Also Read: US Stock Market Today: Dow, S&P 500 and Nasdaq Fall as Hot Inflation Data Hits Wall Street
US Economic Data, Federal Reserve and Bank of England Calendar
Thursday’s US economic calendar includes the September Producer Price Index, September retail sales, weekly unemployment claims and regional manufacturing surveys from the Philadelphia and New York Federal Reserve banks. The major releases are scheduled for 8:30 a.m. Eastern Time. The Federal Reserve’s official calendar does not identify a major Board governor speech for Thursday. For UK readers, Bank of England officials Huw Pill, Megan Greene and Sarah Breeden have scheduled appearances at international financial events in Bangkok on Thursday.
Disclaimer: This article is published by Onetrader.in for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a recommendation to buy or sell securities. Market information and pre-market prices may change throughout the trading session. Onetrader is not a SEBI-registered investment adviser.
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