🔴 Tech ETF (SPRX) is trading 2.9% down in pre-market amid concerns AI development may slow

SPRX is trading at $44.19 (-2.86%) as concerns that AI development may slow weigh on semiconductor and AI-linked shares.

• Nasdaq futures are down 1.61%, while the 10-year Treasury yield is near 5%, pressuring high-growth technology valuations.
• Rising oil prices and uncertainty ahead of the Federal Reserve’s September decision add macro pressure.
• The move appears sector- and market-driven rather than tied to AMD’s Taalas acquisition; no major U.S. economic release is scheduled for September 14.