🔴 Large Blend ETF (MTUM) is trading 2.8% down today as AI slowdown calls hit tech stocks

MTUM is trading 2.8% down today as OpenAI and Anthropic executives’ calls to slow advanced-AI development triggered selling in semiconductor and AI-linked stocks.

• NVIDIA and other technology shares weakened as information technology led a broad risk-off session.
• Nasdaq futures fell sharply before the open; rising oil prices and elevated rate expectations pressured growth-stock valuations.
• Nasdaq Composite fell 1.08% and S&P 500 fell 0.61%; information technology represents 50.6% of MTUM, making it the primary ETF catalyst.