On October 31, iShares A.I. Innovation and Tech Active ETF fell 7.76% in Regular Trading, trading at $39.15, with turnover of $55.15 million.
The move aligned with broad weakness in semiconductor and AI-related assets after Intel issued fourth-quarter guidance that came in below market expectations, pressuring risk appetite across the chip supply chain.
Publicly available market information indicates Intel projected fourth-quarter revenue of $15.0 billion to $16.0 billion, below expectations of about $17.0 billion, and adjusted earnings per share of $0.25 versus an expected roughly $0.43. Related trading alerts showed semiconductor ETFs dropping sharply, with Intel down more than 25% and AMD and Micron also under pressure, reinforcing the spillover into AI-themed products such as iShares A.I. Innovation and Tech Active ETF.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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