🔴 Technology ETF (USD) is trading 3.1% down in pre-market as investors question AI infrastructure returns

USD is trading at $88.18 (-3.12%) as semiconductor and AI-linked shares lead a technology selloff amid doubts about AI infrastructure returns.

• The selloff follows a sharp drop in chip stocks across Asia.
• Elevated financing costs and stretched valuations add to investor concerns.
• Competition from Chinese memory-chip makers is adding pressure, while weaker Nasdaq futures point to continued tech-sector weakness before the U.S. open.