Dow Futures fell 0.22%, S&P 500 Futures fell 0.50%, Nasdaq Futures fell 1.10%, reflecting a defensive tone amid broad semiconductor weakness.

Corning slid 4.21%. An up to $2 billion equity distribution revived dilution concerns.

SanDisk Corp. fell 4.05%. Kioxia cautioned NAND prices have risen enough, curbing repricing hopes.

Bloom Energy Corp (BE) retreated 3.54%. Profit-taking followed a sharp rally, despite Q2 revenue up 166%.

Micron Technology (MU) dropped 3.13%. Hotter PPI and calls to slow frontier AI weighed on sentiment.

Intel declined 3.06%. Hotter PPI boosted rate hike odds, sparking sector-wide selling.

NVIDIA slipped 1.42%. Reuters reported talks to invest up to $10 billion in Anthropic ahead of its IPO.

Tesla Motors ticked down 1.08%. JPMorgan modeled about $320 billion 2035 robotaxi revenue, largely from a company-run fleet.

Hewlett Packard Enterprise (HPE) fell 2.51%. Evercore ISI downgraded to In Line from Outperform, keeping its $65 target.

KLA Corporation fell 2.33%. UBS earlier cut its price target to $200 from $215, maintaining Neutral.

Chip stocks fell, with Qualcomm falling 2.40%.

Memory chip stocks declined, with Seagate Technology PLC (STX) falling 2.43%, Western Digital falling 2.21%.

Optical communication stocks dropped, with AXT Inc falling 4.65%, Applied Optoelectronics (AAOI) falling 3.72%, Lumentum falling 2.60%, Credo Technology Group Holding Ltd (CRDO) falling 2.33%, Ciena falling 2.16%.

Crypto stocks fell, with IREN Ltd falling 3.72%, TeraWulf Inc. falling 3.52%.

Among other movers, APPLIED DIGITAL CORP (APLD) falling 3.37%, Nokia Oyj falling 3.23%.

Among other individual movers, Okta Inc. rising 1%, Valero rising 1%, Hycroft Mining Holding Corporation (HYMC) falling 3.02%, Destiny Tech100 Inc (DXYZ) falling 2.9%, Vertiv Holdings LLC (VRT) falling 2.44%, IONQ Inc. falling 2.18%.