🔴 Optical Networking ETF (LITX) is trading 3.08% down in pre-market amid AI-spending concerns

LITX is trading at $33.00, down 3.08%, as chip stocks remain under pressure amid AI-spending concerns and intensifying Chinese memory-chip competition.

• Optical-networking shares, including Lumentum, Corning, and Ciena, also traded lower pre-market.
• Broad index futures were slightly higher, suggesting weakness is concentrated in technology and semiconductors.
• Investors are watching the October 14 CPI release and TSMC’s results after the close for potential sector catalysts.