🟢 Tech ETF (IYW) is trading 1.85% up in pre-market as chip stocks rebound after AI-led selloff

IYW is trading at $263.48, up +1.85%, as Asian technology shares rebounded Friday after the prior session’s AI- and chip-led selloff.

• The rebound followed Thursday’s Wall Street recovery and easing Treasury yields, though concerns about AI financing and higher-for-longer rates remain.
• September CPI above expectations revived rate concerns and pressured technology shares; U.S. import-price and industrial-production data are due later Friday.