Dow Jones| Nasdaq | US Stock Market Today | Live: Nasdaq futures fall after record Samsung profit fails to calm AI chip worries

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AI summary

US Nasdaq futures declined sharply as semiconductor stocks sold off despite Samsung reporting a record profit surge, signalling investor concern over the sustainability of the AI-driven rally. Nvidia, Micron, Intel and Marvell dropped on worries about overvaluation and rising competition from China's DeepSeek AI chip development. Oil prices rose on Strait of Hormuz tensions while investors await Federal Reserve meeting minutes for cues on rate policy under new Chair Kevin Warsh.