🔴 Redwire is trading 5% down in pre-market as AI spending concerns weigh on tech shares

Redwire is trading at $8.71, down 4.93%, in pre-market amid broad risk-off trading as investors questioned whether heavy AI spending will deliver sufficient returns. - Reuters reported technology shares sank; Nasdaq 100 futures fell after weak results from Intel and Amazon. - The Nasdaq Composite was down 2.18% pre-market. Redwire’s latest announcement scheduled Q3 results for November 4 and did not identify a company-specific negative catalyst for the move.