🔴 Technology ETF (LYTE) is trading 5.2% down on October 14 amid chip competition concerns

LYTE is trading at $22.26, down 5.20%, as semiconductor weakness weighs on the fund.

• Reports of Chinese chipmaker CXMT’s progress on a denser memory-chip design raised competition concerns; Broadcom CEO Hock Tan’s “casino” comparison added to AI-trade valuation worries.
• September CPI showed annual inflation of 3.7%; futures turned negative as bond yields rose. LYTE’s 47.2% information-technology exposure makes chip-sector weakness especially relevant.