Premarket movers: Intel, Amazon drop; Crypto stocks slide after Binance theft

Investing.com - U.S. stock index futures fell sharply on Friday, with Nasdaq 100 futures dropping more than 2% as concerns over the rising cost of artificial intelligence infrastructure weighed on technology shares. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Amazon's plans for further heavy AI investment and Intel's warning that it expected to burn cash this year heightened investor concerns about the returns on the sector's massive spending commitments. By 04:04 ET (08:04 GMT), Nasdaq 100 futures had fallen 640 points, or 2.16%, while S&P 500 futures were down 77.5 points, or 1%. Dow futures slipped 25 points, or 0.05%.