🔴 Tech ETF (SPRX) is trading 3.47% down as chip stocks fall on AI spending doubts

SPRX is trading at $47.81, down 3.47%, as semiconductor weakness and doubts about AI infrastructure spending pressure technology shares.

• Reports cite questions about OpenAI’s revenue outlook and AI-investment sustainability amid falling chip stocks.
• October 12 reports described modestly positive U.S. index futures, so broad-market weakness is not a clear explanation.
• SPRX’s 86.5% information-technology allocation makes sector pressure relevant; the reported Tesla–SpaceX–Intel chip-plant plan is a longer-term development, not a clear cause of this morning’s decline.