Nasdaq-100 futures fell Tuesday, weighed down by a decline in chip stocks as investors once again appear to rotate out of names tied to artificial intelligence. Futures tied to the tech-heavy index were down 1%, while S&P 500 futures lost 0.1%. Dow Jones Industrial Average futures edged higher by 225 points, or 0.4%. Shares of Micron were last seen 5% lower in premarket trading, with KLA, Marvell Technology, Broadcom, and AMD also posting declines. The downward pressure began in Asia-Pacific markets after South Korea’s Kospi dropped nearly 5% following a nearly 7% drop in memory chipmaker Samsung Electronics. The company reported a big jump in second-quarter profit, though concerns about spending and demand overshadowed the increase. In Europe, the Stoxx 600 index shed 0.1%. “The reaction to Samsung speaks to one of the biggest risks facing markets over the coming weeks: Q2 earnings results are likely to be quite robust on an absolute basis … but unlike with the Q1 season, expectations are presently very bullish (and the SPX is ~1K points higher than it was heading into the Q1 releases), which means the bar is quite elevated,” wrote Adam Crisafulli of Vital Knowledge. Also weighing on sentiment, Reuters reported, citing sources, that DeepSeek was developing its own AI chip. The push could cut the company’s dependency on semiconductors from companies such as Nvidia and Samsung. Shares of Nvidia were more than 2% lower in early trading. Meanwhile, SpaceX was marginally lower ahead of its Tuesday entrance into the Nasdaq-100. Tuesday morning’s action follows a winning session on Wall Street that propelled the Dow above the 53,000 mark for the first time. The 30-stock index also closed above that threshold. Technology stocks led the charge higher, with the Nasdaq Composite finishing up by more than 1% amid a rebound in semiconductor names. The S&P 500 also closed higher, advancing 0.7%. “We’re getting new highs on various indices, and that makes sense,” Richard Bernstein, Janus Henderson’s global head of macro and customized investing​, told CNBC’s “Closing Bell: Overtime.” “Not only is earnings growth strong, but it’s abundant as well. That is spreading to the markets.” U.S. Treasury yields moved higher on Tuesday as investors digested further economic data and anticipated the start of the NATO Summit in Turkey. The 30-year Treasury bond rose more than 1 basis point to yield 5.006%, while the benchmark 10-year Treasury yield added 1 basis point to 4.489%. The 2-year Treasury note was flat at 4.125%. Asia-Pacific markets closed lower Tuesday, with South Korea’s Kospi leading declines. The Kospi closed 4.91% lower at 7,656.31. The Korea Exchange had earlier activated a circuit breaker, pausing trading for 20 minutes, with the index falling more than 8% earlier in the day. Japan’s Nikkei 225 dropped 2.12% to 68,256.96, while the Topix declined 0.97% to 4,062.26. Australia’s benchmark S&P/ASX 200 fell 0.31% to 8,803.90. Hong Kong’s Hang Seng Index declined 0.51% to 23,496.89, and mainland China’s CSI 300 fell 1.03% to 4,792.26. Oil prices rose on Tuesday morning following a report of an Iranian attack on commercial ships in the strategically vital Strait of Hormuz. The reported attacks in the waterway, which typically handles around 20% of the world’s oil traffic, reaffirm the fragility of the U.S. and Iran’s interim peace agreement as they negotiate a permanent end to their war. International benchmark Brent crude futures with September delivery were last seen trading 50 cents higher at $72.49 per barrel, paring earlier gains. U.S. West Texas Intermediate futures with August delivery advanced 39 cents to $68.94 after closing at their lowest level since Feb. 27 in the previous session. Gold prices eased on Tuesday, trading below a two-week high, with investors awaiting the U.S. Federal Reserve’s June meeting minutes for insight into new Chair Kevin Warsh’s monetary policy direction. Spot gold fell 0.8% to $4,132.66 per ounce, while U.S. gold futures for August delivery eased 0.6% to $4,144.70. “Gold price action looks like a little bit of a continuation of last week, some basing out, forming a support level, obviously waiting for a little bit of direction from the Fed minutes to get a bit more sense around what the Fed’s thinking is on the short-term interest rate policy,” said Nicholas Frappell, global head of institutional markets at ABC Refinery.