Data compiled by Woofun AI shows US stock futures retreated on Tuesday as a sell-off in large-cap technology stocks spilled over into Asian AI-related equities. The Asian tech sub-sector suffered a heavy blow, ending an eight-day winning streak, with South Korean shares plummeting nearly 10% and Japanese stocks seeing a collective retreat. Mega-cap tech stocks exhibited synchronized weakness, including Alphabet, while SpaceX declined as IPO frenzy faded.

This shift marks a stark contrast from last year when AI-related companies were viewed as 'gold mines.' The market is now entering a verification phase where investors demand tangible returns from massive AI infrastructure investments. This trend is pronounced for firms like SpaceX, which raised $75 billion despite negative cash flow. Jian Shi Cortesi of Gam Investment Management noted that volatility may prompt profit-taking, while tech stocks remain sensitive to Federal Reserve rate hike expectations. Market focus now turns to Micron Technology's earnings conference call.