🔴 Large Blend ETF (MTUM) is trading 2.5% down in pre-market as AI-demand doubts pressure tech shares

MTUM is trading at $309.34, down 2.51%, as AI-demand and profitability doubts weighed on technology shares.

• Reports put OpenAI’s September annualized revenue at $50 billion, below prior expectations; semiconductor and AI-linked shares, including Nvidia, sold off, pressuring technology-heavy funds.
• Higher oil prices and Treasury yields revived inflation concerns, weighing on growth stocks.
• Friday’s broader futures were firmer, suggesting MTUM’s pre-market decline may reflect lingering weakness from Thursday’s tech selloff, not a fresh broad-market drop.