🔴 THNQ is trading 3.1% down today as it gives back gains from an AWS-driven spike

THNQ is trading 3.1% down at $84.50 in pre-market, retracing a portion of its 8.5% after-hours surge linked to AWS’s plan to ramp custom AI chip orders.

• The initial spike followed reports that AWS intends to increase custom AI chip orders by 20–30%.
• The current pullback aligns with weaker index futures and a broader selloff across the semiconductor sector.
• Traders are reassessing AI infrastructure ETFs following Tuesday’s sharp market rebound.