🔴 Tech ETF (XSD) is trading 2.68% down in pre-market as AI-return doubts pressure tech shares

XSD is trading at $468.81, down -2.68%, as renewed doubts about returns on heavy AI investment weighed on technology shares overnight.

• Weaker chip stocks in Asia added pressure; Meta’s higher AI-spending outlook drew scrutiny.
• Tesla fell after cutting its capital-spending forecast, while Lam Research slid on a weaker earnings forecast.
• Rising oil prices amid Middle East tensions and lower U.S. futures reinforced broader risk-off pressure.