🔴 Tech ETF (XSD) is trading 2.22% down in pre-market as weak chip results revive growth concerns

XSD is trading at $433.02, down -2.22% in pre-market, as semiconductor weakness pressures the ETF. - Overnight, the Philadelphia Semiconductor Index fell 3.1%; disappointing Qualcomm and Arm results revived concerns about chip-sector growth and AI investment returns. - Investors are weighing possible tighter AI and data-center rules after the Democratic congressional sweep. South Korea’s chip-heavy KOSPI fell sharply, while Nasdaq futures are down 0.76%. - No major U.S. economic release is scheduled for November 5.