🔴 Optical Networking ETF (LITX) is trading 6.23% down as AI-linked technology and semiconductor shares sell off

LITX is trading at $32.49, down 6.23%, as investors sell AI-linked technology and semiconductor shares.

• Chip stocks fell on concerns over AI infrastructure funding, higher financing costs, stretched valuations and stronger Chinese memory-chip competition.
• South Korea’s Kospi sank 5.5% by the close; Samsung fell 7.4% and SK Hynix 10.1%, underscoring sector-wide weakness consistent with LITX’s reported premarket decline.
• The supplied context does not establish a separate LITX-specific catalyst.