🔴 SMHX is trading 1.8% down in pre-market as AI-spending concerns weigh on tech stocks

SMHX is trading 1.8% down at $55.35 before the October 29, 2026 open as Nasdaq futures and broader technology sentiment weaken overnight, with concerns about AI spending weighing on tech stocks.

• Samsung reported strong AI-memory demand, but investor reaction highlighted concerns about its shareholder-return plans and a less bullish outlook than SK Hynix’s.
• SMHX is a fabless semiconductor ETF, so the news is sector context rather than a company-specific catalyst.