🔴 Technology ETF (LYTE) is trading 5.39% down in pre-market as OpenAI model pause revives chip concerns

LYTE is trading at $24.07, down -5.39%, as reports that OpenAI paused work on some advanced AI models renewed concerns about AI development and chip demand.

• Asian semiconductor shares also fell overnight.
• President Trump’s rejection of Iran’s proposal lifted oil prices, adding inflation and interest-rate concerns.
• U.S. futures were lower, with Nasdaq-100 futures down 0.7% in early trading.