🔴 THNQ is trading 2.16% down amid AI supplier selloff

THNQ is trading at $96.69, down 2.16%, amid broader pressure on AI- and semiconductor-linked stocks.

• No THNQ-specific announcement or fund catalyst was identified for October 13; the available report attributes premarket weakness to sector pressure.
• Reuters reported AI-supplier selling as investors reassessed AI-spending sustainability amid rising rates and stronger Chinese chip competition.
• Asian chip shares, including South Korean semiconductor stocks, fell sharply amid concerns over Chinese rivals; U.S. indexes were nearly flat.