🔴 Leveraged Coherent ETF (COHH) is trading 16.48% down as doubts over AI returns pressure tech stocks

COHH is trading at $2.99, down 16.48%, as renewed doubts about returns on heavy AI investment pressure technology stocks.

• Mixed megacap results: Tesla’s reduced capital-spending outlook and Meta’s higher AI spending added concern.
• Oil rose amid Middle East tensions, weakening risk sentiment; Nasdaq futures fell more than 1%.
• COHH targets 2× daily exposure to Coherent (COHR), amplifying weakness in the stock and tech selloff. The premarket report showed $3.16 (-11.73%); the current decline is steeper.