🔴 Tech ETF (SOXQ) is trading 3.6% down in pre-market after disappointing Marvell and Autodesk results

SOXQ is trading at $90.24, down -3.55% after disappointing Marvell Technology and Autodesk results offset lingering AI optimism.

• Nasdaq futures are down 0.28% as investors await Federal Reserve Chair Kevin Warsh’s Jackson Hole remarks on rates.
• Firmer yields and mixed Asian markets are pressuring rate-sensitive technology shares.
• The decline appears to reflect profit-taking and renewed macro caution after Thursday’s Nvidia-led rally.