🔴 Tech ETF (WQTM) is trading 2.38% down in pre-market as chip losses weigh on tech

WQTM is trading at $25.40, down 2.38%, in pre-market as overnight semiconductor losses and concerns about AI data-center demand weigh on technology.

• The Philadelphia Semiconductor Index fell 3.1%.
• Qualcomm’s weaker smartphone-chip sales outlook added pressure, while Nasdaq futures lagged amid continued weakness in chip and data-center names.
• Broader futures were mixed; jobless claims and productivity data were still upcoming at 7:42 a.m. ET.