🔴 Tech ETF (CHAT) is trading 1.69% down in pre-market as renewed AI-stock weakness pressures tech

CHAT is trading at $78.99, down 1.69%, as renewed weakness in AI-linked stocks and rising oil prices weighed on Nasdaq futures ahead of major technology earnings.

• Reuters reported pre-market losses in CoreWeave, Nebius, Apple, and Nvidia as investors remained concerned about AI infrastructure financing and buildout costs.
• Asian technology-stock declines reinforced the risk-off tone. JPMorgan said banks’ CoreWeave exposure is limited, offering a counterpoint. CHAT’s technology-heavy exposure makes sector weakness the clearest catalyst.