🔴 Technology ETF (LYTE) is trading 1.5% down in pre-market as investors rotate from AI

LYTE is trading at $17.90, down 1.54%, as investors rotate away from the AI trade ahead of major earnings.

• Earnings from Microsoft, Alphabet, and Amazon could clarify whether heavy AI spending is generating returns.
• Nasdaq futures were down 0.11%, while futures were mixed overall. No major U.S. economic indicators were scheduled for October 26; the move looks sector-specific rather than a broad-market selloff.