🔴 Tech ETF (LYTE) is trading 1.6% down in pre-market as AI funding doubts pressure tech shares

LYTE is trading at $19.67, down -1.60% versus the October 19 close, as renewed doubts about AI infrastructure financing and profitability pressured technology shares.

• On October 20, the concerns pressured Asian technology shares and Korean chipmakers.
• In the supplied market context, U.S. futures were mixed-to-lower, with Nasdaq futures down 0.43%, adding pressure to technology sentiment.
• JPMorgan reported banks have limited CoreWeave debt exposure, which may temper contagion fears; broader AI-spending concerns remain unresolved.