U.S. stock futures fell on Friday morning. The Nasdaq 100 indicates a sharp opening drop, marking its fifth consecutive day of declines. The S&P 500 also faces losses as the technology sector selloff continues.
OpenAI may postpone its initial public offering until 2027. This report fueled concerns regarding high AI valuations and rising infrastructure costs. Apple shares fell after the company raised iPad and Macbook prices to offset surging memory chip costs.