🔴 Technology ETF (XSD) is trading 1.8% down in pre-market as CXMT memory progress raises competition fears

XSD is trading at $500.02, down -1.80%, as semiconductor weakness and doubts about AI investment returns weigh on technology shares globally.

• Reports that Chinese chipmaker CXMT is advancing memory technology have intensified competition concerns for established chipmakers.
• Pressure is especially visible in Asia’s chip-heavy markets, while U.S. Nasdaq futures are also lower, pointing to continued tech-sector weakness before the open.