🔴 SEMI is trading 1.59% down in pre-market as the cause remains unclear

SEMI is trading 1.59% lower at $39.03 in pre-market, with the cause unclear.

• The Columbia Select Technology ETF closed at $39.66 on September 24.
• No credible September 25 company-specific announcement, earnings release, or filing explains the decline. The Sanders superintelligence proposal, announced September 3, is stale and insufficient as a direct catalyst.
• The move appears isolated despite firmer broader-market futures.