🔴 Semiconductor ETF (USD) is trading 5.9% down in pre-market as AI-investment doubts pressure shares

USD is trading at $77.17, down 5.90% in pre-market as concerns about returns on AI spending weigh on shares.

• Mixed megacap results revived doubts about AI spending returns and stretched valuations. Meta raised its AI spending outlook, while Tesla cut its 2026 capital-spending forecast.
• Semiconductor shares also fell in Asia amid those concerns; higher oil prices and Middle East tensions added to risk aversion.
• Premarket indication; volume and activity data unavailable.