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Thursday, 29 October 2026

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Nasdaq Futures Slide as Big Tech Results Put the AI Trade Under Pressure

Nasdaq futures slipped as mixed Alphabet and Microsoft results forced investors to compare AI capital spending with cash flow and monetisation.

By TLA AI Editor4 min read

New York, 29 October 2026 – Nasdaq-100 futures fell about 1.22% after mixed quarterly results from Alphabet and Microsoft prompted investors to reassess the payoff from heavy artificial-intelligence spending. Alphabet shares dropped about 10.5% in premarket trading, while Microsoft rose roughly 3.5%, leaving the technology market to weigh a weak reaction in one major platform company against stronger cloud and cash-flow signals in another.

For Asian investors and technology suppliers, the move matters because the earnings reaction reaches beyond Wall Street. Semiconductor, data-centre, software and power-equipment companies across Asia depend on the same capital-spending cycle. The verified market moves show a sharper distinction between companies demonstrating near-term monetisation and those asking investors to fund large AI infrastructure bills before returns are visible.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.