The situation in the Middle East raises concerns about inflation, putting pressure on the valuations of U.S. tech stocks

According to Gate's market data, the tech-heavy Nasdaq index is leading the decline among U.S. blue-chip indices in pre-market trading. Ipek Ozkardeskaya from Swissquote Bank stated that investors are weighing the risks of inflation shocks triggered by the Middle East conflict.

The continued surge in oil prices may raise inflation expectations and bond yields, thereby putting pressure on the valuations of companies such as Nvidia, Microsoft, Apple, and Alphabet. Nvidia fell 1.6% in pre-market trading, while Alphabet and Apple dropped 2.7% and 1.2%, respectively. Nasdaq futures are down 1.5%.