🟢 Bitcoin Mining ETF (WGMI) is trading 3% up in pre-market after October 22’s AI-driven tech selloff

WGMI is trading at $30.70, up 3.00% versus the October 22 close, following a sharp technology selloff on October 22.

• Meta’s higher AI-spending outlook and Lam Research’s cautious forecast renewed doubts about AI investment returns; semiconductor stocks fell 6.72%.
• Oil-supply concerns tied to Strait of Hormuz incidents added to risk aversion.
• The supplied market snapshot is mixed, not broadly risk-on.