🔴 SMCY is trading 3.4% down today as AI infrastructure gains fade after pre-market rebound

SMCY is trading 3.4% down at $5.05 after a sharp pre-market rebound in AI infrastructure-linked ETFs faded during regular trading.

• The fund had been indicated about 5% higher in pre-market trading as AI infrastructure names initially bounced alongside broader tech strength.
• Early gains are being unwound as investors reassess last week’s volatility and rich valuations across the AI complex.