🔴 Tech ETF (FTXL) is trading 1.8% down in pre-market amid AI-infrastructure borrowing-cost concerns

FTXL is trading at $220.00, down 1.80%, as weak Nasdaq futures and declines in Asian technology shares point to renewed sector pressure.

• Investors remain concerned about AI-infrastructure borrowing costs and whether heavy spending will generate sufficient returns.
• JPMorgan’s view that CoreWeave debt fears are overdone offers some counterweight, but caution persists ahead of earnings.
• Housing data and major technology earnings are also in focus, keeping sentiment cautious before the open.