🔴 IPO ETF (IPO) is trading 4.43% down in pre-market as AI safety concerns hit Nasdaq futures

IPO is trading 4.43% down in pre-market as AI safety concerns weigh on Nasdaq-linked futures and growth stocks.

• Nasdaq Composite futures are down 1.46%, versus a 0.59% decline for the S&P 500.
• Reuters reported Nasdaq-linked futures led losses after AI leaders urged slower development because of safety risks.
• Oil’s rise above $108 is increasing inflation and interest-rate concerns, while Treasury yields near 5% pressure long-duration growth valuations and amplify IPO’s technology exposure.