🔴 TECL is trading 5.3% down today on a chip-sector rout and rising Fed rate hike fears

TECL is trading 5.3% down in pre-market as information technology stocks extend a sharp recent pullback.

• Overnight weakness in semiconductors following Samsung’s disappointing results and China’s DeepSeek AI chip plans is pressuring growth and AI-linked tech names.
• Declining Nasdaq futures and rising odds of a September Fed rate hike are weighing on the broader tech sector and amplified leveraged products like TECL.