S&P, Nasdaq Futures Climb as AI Stocks Rebound

TL;DR: U.S. stock futures rose Monday after AI-linked stocks sold off last week. By 7:13 a.m. ET, S&P 500 futures were up 0.5% and Nasdaq 100 futures up 1.0%, per Investing.com. The Nasdaq Composite fell 4.5% last week. Futures are a first reading, and this week's earnings will test whether the bounce holds.

By 7:13 a.m. ET Monday, S&P 500 futures had climbed 37 points, or 0.5%, and Nasdaq 100 futures had gained 304 points, or 1.0%, according to Investing.com. On the submarine, I signed off on a QA job only after the check was done, never on the first reading. A premarket number is a first reading.

What happened to stock futures on Monday?

Dow futures were down 71 points, or 0.1%, in the same Investing.com report.

That bounce follows a bad week. The report says the Nasdaq Composite fell 4.5% last week, ending a four-week winning streak, while the S&P 500 lost nearly 2%, its steepest weekly decline since late June.

Measure	Move	Source
S&P 500 futures, Monday premarket	+0.5%	Investing.com
Nasdaq 100 futures, Monday premarket	+1.0%	Investing.com
Dow futures, Monday premarket	-0.1%	Investing.com
Nasdaq Composite, last week	-4.5%	Investing.com
S&P 500, last week	nearly -2%	Investing.com

The table shows a rebound led by technology. Reuters reported that last week's concerns weighed on technology stocks, particularly data center operators.

Why did AI stocks sell off last week?

The worry was money, not technology. Reuters reported that the selloff reflected unease over how the costly AI buildout will be financed. It said concerns that higher interest rates could curb AI infrastructure investment hit data center operators in particular.

CoreWeave shows how sharp it got. CNBC says the stock plunged more than 25% last week over debt concerns, its biggest one-week drop since November 2025. CNBC also reported, citing sources, that Anthropic's third-quarter revenue totaled $16.8 billion, up from $11.6 billion in the second quarter. That is fast growth, and it still raised flags among investors about the pace of the AI build-out.

Rates sit underneath all of it. Reuters put the benchmark 10-year yield at 5.0812% on Monday morning. If you can earn about 5% on a Treasury, a company that borrows heavily to build data centers has to clear a much higher bar. I made a similar point when the Nasdaq hit a record, in Nasdaq Hits a Record High as AI Stocks Outperform.

Who is leading the rebound?

The names that fell hardest are bouncing first. Per Reuters, CoreWeave climbed 3.4% in premarket trading, Broadcom added 2.9% and Micron 3.3%. Intel rose 4.4% after J.P.Morgan upgraded it to "neutral" from "underweight."

A premarket gain after a drop that size is a small repair. Investing.com notes the Philadelphia Semiconductor Index slumped to its longest losing streak since the 2008 financial crisis on Friday. One green morning doesn't undo that.

Analysts at Vital Knowledge, quoted by Investing.com, framed it as hope: the Nasdaq is rebounding "as investors hope a busy week of earnings will help bolster sentiment toward the group." Reuters adds that Meta is expected to beat Wall Street expectations on Wednesday. It also quotes a warning worth keeping in mind: "Because after last week, another promise to spend billions may not sit well in investors' stomachs."

What does this mean if you hold private investments?

The same worry about borrowed money sits under assets you can't sell on a Monday morning. Data-center builders borrow heavily. Private credit funds, AI venture rounds and secondary-market prices all lean on the assumption that someone will keep paying for the buildout. None of the sources I read measures how much private-market exposure to that sits in your portfolio, so treat the link as my read, not a reported fact.

Wall Street's menu shows you a price every second. Your fund shows you one every quarter, and that gap is what I'd watch. A public AI stock that fell 25% has told you what it's worth. A private mark that hasn't moved may simply not have been updated yet. Access is not an edge. Judgment is.

If you're looking at an AI-linked deal, read my take on AI Chip Startup Investing After Etched's $10.3B first, and go downside first: how you'd lose money before how you'd make it. If you're weighing private credit instead, Invoice Factoring & Trade Finance Funds shows what short-duration yield looked like after Greensill.

I don't know whether this rebound holds. Nobody does, and I'm not telling you to buy or sell anything. The sources point to financing and rates as the pressure, and that's what to watch.

Common mistakes

The first is reading a futures number as a result. Futures show where traders are betting before the market opens, and they can fade by lunch.

The second is assuming your private holdings are safe because their prices didn't move this week. Quarterly marks lag, and a stable number can mean the last valuation is stale.

The third is assuming you're diversified because you own an index. When a few large technology names drive the Nasdaq, a broad fund can behave like a concentrated bet. If you want something that doesn't move with stocks and bonds, I covered one option in Managed Futures and CTAs, including what it costs.

FAQ

Why are stock futures up today?

Investors are returning to AI stocks after last week's selloff. Per Investing.com, S&P 500 futures were up 0.5% and Nasdaq 100 futures up 1.0% by 7:13 a.m. ET, with a busy week of earnings ahead.

How much did the Nasdaq fall last week?

The Nasdaq Composite fell 4.5% and ended a four-week winning streak, according to Investing.com. CNBC reports the S&P 500 lost nearly 2%, its biggest weekly decline since late June.

Why are investors worried about AI financing?

The concern is debt. Investing.com says worries swirled around debt-fueled financing of AI infrastructure and higher-for-longer borrowing costs. Reuters adds that higher interest rates could curb AI infrastructure spending.

Does a futures rally mean the selloff is over?

No. Futures are an early indicator and can reverse. The sources I read describe hope tied to earnings this week, not a confirmed turn.

What to do today

Before your next subscription or capital call, ask the fund's sponsor in writing how its AI-linked holdings are valued and when the last mark was set. A vague answer is itself an answer. If you'd like more of this kind of reading, the free AIN briefing sends it to your inbox.

Educational content only. Not investment, tax, or legal advice. Not an offer or solicitation to buy or sell securities. Past performance does not guarantee future results. Private-market investments are illiquid and involve risk of loss, including total loss of capital. Consult qualified advisers. Angel Investors Network is not a broker-dealer or investment adviser.