🟢 Tech ETF (IYW) is trading 2% up in pre-market as OpenAI revenue reports ease AI-spending concerns

IYW is trading at $273.00, up 2.03% premarket as technology stocks rebounded after Thursday’s selloff, with OpenAI revenue reports easing AI-spending concerns.

• U.S. index futures and Nasdaq 100 futures rose; OpenAI expects annualized revenue to reach or exceed $70 billion by year-end.
• Retreating Brent crude supported risk sentiment; Thursday’s oil surge and elevated Treasury yields remain headwinds.
• Apple’s reported iPhone order cuts were a counterweight, not an explanation for IYW’s gain; premarket volume was not provided.