🔴 Technology ETF (XLK) is trading 1.73% down in pre-market on renewed semiconductor selloff

XLK is trading at $173.45 (-1.73%) amid a renewed semiconductor selloff.

• On November 5, 2026, weak Qualcomm and Arm results revived concerns about chip demand; South Korea’s KOSPI plunged amid losses in major chipmakers, and Nasdaq futures also lagged.
• Investors are weighing whether a Democratic midterm sweep could bring tighter oversight of AI and data-center projects, adding pressure to chips and infrastructure suppliers, while large technology companies have been more resilient.