🔴 Coherent 2X ETF (COHH) is trading 3.04% down in pre-market as Chinese chip competition pressures shares

COHH is trading at $5.27, down -3.04%, as semiconductor shares face pressure amid worries about Chinese chip competition and the sustainability of AI investment.

• Reports of CXMT progress on denser memory technology intensified concerns about established chipmakers’ competitive positions.
• Mixed equity futures and the pending September CPI report add uncertainty, but the sector selloff remains the clearer catalyst.
• COHH’s leveraged exposure can amplify underlying sector moves.