🔴 AI Bottlenecks ETF (NECK) is trading 5.3% down as uncertainty over AI spending pressures chip holdings

NECK is trading at $20.15, down 5.31%, as investors reassess AI infrastructure demand and the scale and sustainability of AI spending.

• Mixed megacap results—including Tesla’s reduced 2026 capital-spending forecast and Meta’s results and spending outlook—added to uncertainty around technology investment.
• Pressure bears on NECK’s semiconductor, memory and AI infrastructure holdings, including its largest holdings: SK hynix, Lumentum, Samsung Electronics and Micron. Broader tech weakness and Middle East tensions lifting oil prices further weighed on risk sentiment.