🔴 Digital Assets ETF (WGMI) is trading 2.6% down today as AI spending concerns pressure tech stocks

WGMI is trading 2.6% lower as AI-spending concerns pressure its 76.7% information-technology exposure.

• Investors question whether massive AI spending justifies elevated valuations amid a tech selloff.
• Western Digital and SanDisk fell sharply despite strong forecasts, weighing on storage/semiconductor sentiment; AMD fell post-earnings, while Micron, Marvell and Intel weakened.
• Mixed markets and Middle East deal uncertainty reinforce rotation. No major Federal Reserve decision or inflation release drove August 6, 2026; earnings and AI-capital-intensity concerns were primary.