🔴 Tech ETF (CHAT) is trading 2.49% down in pre-market as oversight concerns could constrain data-center spending

CHAT is trading at $70.99, down -2.49%, as concerns that stricter oversight could constrain AI and data-center infrastructure projects and spending.

• The concerns follow the Democratic midterm sweep.
• Chip stocks sold off across Asia, while Nasdaq futures fell more than 1% in overnight trading.
• Broader futures were mixed, with no major U.S. economic indicators scheduled for November 5. The move followed technology and semiconductor weakness despite the prior session’s broader market rebound.