🔴 PSI is trading 5% down in pre-market as investors question returns on massive AI spending

PSI is trading at $122.48, down 5.19%, as semiconductor stocks weakened amid concerns that massive AI spending may not generate adequate returns.

• No PSI-specific announcement explaining the October 30 move was found; premarket volume information was unavailable in the reviewed sources.
• Reuters reported that Intel’s and Amazon’s post-market declines sent chipmakers across Asia into a tailspin.
• U.S. index futures and Asian markets were lower amid renewed AI-investment concerns.