🔴 XAIX is trading 2% down in pre-market as technology stocks weaken

XAIX is now trading at $56.24, down 1.99% in pre-market as technology stocks weaken alongside broader market risk aversion.

• The Nasdaq Composite is down 1.24%, while higher oil prices and renewed U.S.-Iran military tensions are pressuring global equities.
• XAIX is an AI and big-data ETF; its decline appears primarily tied to technology-sector weakness rather than a new fund-specific announcement.
• The NVIDIA-Hugging Face acquisition was announced September 3, not September 10.