🔴 Technology ETF (CHPS) is trading 2.6% down in pre-market as AI spending doubts pressure chip stocks

CHPS is trading at $85.01, down -2.63%, as concerns about the durability and financing of AI infrastructure spending weigh on semiconductor stocks. - Reported progress by Chinese memory-chip maker CXMT has sharpened competition concerns. Pressure has spread across global chip stocks, with South Korea’s Kospi plunging and Nasdaq futures lower. - Futures are mixed: Nasdaq futures are weak while other index futures are slightly higher. Investors are watching Wednesday’s U.S. CPI report, though immediate pressure appears concentrated in technology and semiconductors.