🔴 Hut 8 is trading 5.5% down in pre-market as tech stocks fall on AI spending concerns

Hut 8 is trading at $62.79, down 5.49%, as technology-sector weakness weighs on the stock amid concerns about AI spending and profitability.

• Disappointing results from Alphabet, Amazon, and Intel raised those concerns; the technology sector is down 2.80% pre-market, while the Nasdaq Composite is down 2.24%.
• Bitcoin is down 2.91% and Ethereum 3.65% since the previous close.
• Reports of Binance’s security breach have intensified crypto selling and liquidations.