🔴 Tech ETF (ARKF) is trading 6.21% down in pre-market as AI spending concerns intensify tech selloff

ARKF is trading at $39.60, down 6.21%, as concerns over near-term returns from heavy AI infrastructure spending weighed on technology shares.

• Last week’s technology selloff intensified after weak outlooks from Alphabet, Amazon, and Intel.
• U.S. futures rebounded Monday, following steep losses in technology shares.
• ARKF’s financial-technology exposure may also face lingering crypto-sector caution after the Binance breach, although Bitcoin steadied near $78,000.