Dow Jones Futures: AI Fears Grip Market; Arista, Applied Materials Jump On Earnings Late

The S&P 500 fell below its 50-day moving average on Thursday, signaling investor caution amid growing concerns over AI-driven market disruption. AI-related volatility intensified as traders reassessed tech valuations, with fears of rapid industry shifts weighing on broader indices. Applied Materials and Arista Networks defied the downturn, posting strong late earnings that boosted their stock prices after hours. Semiconductor and networking stocks saw mixed reactions, with AI infrastructure plays like Arista gaining while broader tech faced selling pressure. The market pullback reflects uncertainty about AI’s long-term economic impact, despite short-term gains for companies directly tied to AI hardware and infrastructure.