🔴 Tech ETF (LYTE) is trading 6.1% down in pre-market on doubts over AI investment returns

LYTE is trading at $17.93, down 6.08%, as doubts about returns from heavy AI investment weighed on technology shares.

• Alphabet’s results and heavy AI investment raised doubts about returns, weighing on technology and semiconductor shares.
• On October 29, Amazon fell 7.3% and Intel plunged 23% after hours. Nasdaq 100 futures fell about 2%, with chip stocks also under pressure, consistent with LYTE’s decline.