🔴 Leveraged Coherent ETF (COHH) is trading 16.2% down in pre-market amid AI-spending concerns

COHH is trading at $2.89, down 16.23%, after Coherent (COHR) fell 6.42% overnight; leveraged exposure likely magnified the drop.

• COHH seeks 2× daily exposure to Coherent, amplifying the underlying stock’s move.
• Nasdaq futures and technology shares weakened amid concerns about AI spending and disappointing megacap earnings.
• Broader risk-off sentiment added pressure.