🔴 Growth ETF (XOVR) is trading 1.7% down in pre-market as AI-sector selling pressures growth stocks

XOVR is trading at $20.43, with a -1.73% change, as broad risk-off pressure, including AI-sector selling, weighs on growth valuations.

• AI-sector selling followed warnings from major technology leaders about slowing development.
• Nasdaq futures fell sharply, pressuring XOVR’s 32.3% information technology and communication-services exposure.
• Brent crude rose above $107, reviving inflation and geopolitical concerns; traders raised Federal Reserve hike odds ahead of Wednesday’s decision, weighing on growth valuations.