🔴 Equity Digital Assets ETF (WGMI) is trading 3.12% down today after Marvell’s outlook disappointed AI expectations

WGMI is trading at $45.01 (-3.12%) amid technology-sector profit-taking and weaker chip sentiment.

• Marvell Technology fell roughly 8% premarket after its outlook disappointed elevated AI expectations, pressuring semiconductor sentiment.
• Investors reduce risk ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech; Nasdaq futures weakened.
• The decline appears to be a pullback from NVIDIA’s powerful August 27 rally, not broad-market selling; S&P 500, Nasdaq Composite, and Dow remained modestly positive, with chip-related weakness.