🔴 Tech ETF (SPRX) is trading 3.2% down in pre-market amid renewed AI-stock weakness

SPRX is trading at $38.80 (-3.17%) as renewed weakness in AI-linked stocks and rising oil prices pressured Nasdaq futures.

• Reuters reported CoreWeave down 4.7%, Nebius 4.9%, Apple 1.2%, and Nvidia marginally lower pre-market.
• Investor concerns about AI infrastructure debt and financing costs resurfaced; South Korea’s Elice Group fell nearly 30% in its debut.
• Traders also weighed geopolitical risk and upcoming earnings from Netflix, Meta, and Tesla.