WGMI is trading at $29.30, down 1.69% from its $29.80 regular-session close, as technology stocks led the October 22 selloff amid renewed concerns about AI investment costs and returns.
- Meta’s spending outlook and Lam Research’s cautious forecast revived those concerns.
- Rising oil prices amid Middle East tensions added pressure to growth stocks.
- Bitcoin weakened alongside risk assets, adding a headwind for the bitcoin-mining ETF; these sector and crypto conditions were consistent with its reported after-hours decline.