🔴 Leveraged Coherent ETF (COHH) is trading 11.73% down in pre-market as AI-spending doubts pressure tech shares

COHH is trading at $3.16 (-11.73%) as overnight mixed megacap results renewed doubts about AI spending returns and pressured technology shares.

• COHH targets 2× daily exposure to Coherent (COHR), amplifying weakness in its underlying stock.
• Nasdaq futures fell as investors reassessed the AI trade; rising Middle East tensions lifted Brent crude about 1.7% to $110.70, adding to broader risk aversion.
• COHH closed at $3.58 on October 21 after recent losses in a steep multi-session decline.