Global stock markets are experiencing significant declines as a wave of sell-offs hit semiconductor shares, driving indexes like the Nasdaq, S&P 500, and Dow Jones lower. The sell-off has intensified following disappointing earnings from major players, including Netflix, which saw an 11% drop. Investor sentiment has weakened amidst fears over the future of AI investments, contributing to a broader tech rout. Oil prices, however, are climbing as tensions in the Middle East escalate, particularly related to military actions involving the U.S. This tumultuous market environment has led to futures for both the Nasdaq and S&P 500 continuing their downward trend, with major companies like Micron, AMD, and Nvidia facing significant losses.