Nasdaq-100 futures fell for a second straight session.

In this equity market commentary, Bob Iaccino of Path Trading Partners breaks down the latest downturn in tech stocks as September Nasdaq-100 futures fell for a second consecutive session. The market is facing notable headwinds as mounting capital requirements for AI infrastructure pressure valuations, leading companies to increase debt and equity utilization. Compounding these structural concerns, reports of production cutbacks from major global memory chipmakers have rattled the sector. A sharp semiconductor sell-off, highlighted by steep declines in South Korean tech giants Samsung and SK Hynix alongside a double-digit drop in Micron, has placed the broader AI-driven rally under intense pressure ahead of crucial fiscal third-quarter corporate earnings reports.