🔴 Technology ETF (LYTE) is trading 5.5% down on October 12 as investors unwind crowded AI-chip trades

LYTE is trading at $23.55, down 5.50%, amid AI-chip selling as investors unwind crowded trades after AI leaders called for slower development of advanced models.

• Intel, AMD, and NVIDIA were reported sharply lower; semiconductor shares fell more than the broader Nasdaq fund.
• This points to a sector-specific drag, with S&P 500 futures modestly positive and the broader-market picture mixed.