🔴 Photonics ETF (LYTE.MI) is trading 9.98% down as AI and chip stocks sell off

LYTE.MI is trading at €5.09, down 9.98%, as renewed selling in AI-related technology and chip stocks weighs on photonics holdings.

• Investors questioned whether AI infrastructure spending would deliver adequate returns.
• On November 2, Marvell fell nearly 13% and Lumentum 18% after Marvell announced its acquisition of Lumentum.
• Together, the companies represented about 24% of LYTE’s portfolio at the October 30 holdings date.