🔴 Leveraged AMD ETF (AMDC) is trading 2.99% down in pre-market on hotter CPI rate fears

AMDC is trading at $23.74, with a -2.99% change, as hotter September CPI revived concern about higher-for-longer rates.

• September CPI was 3.7% year over year, versus 3.6% expected.
• Nasdaq futures fell more than 1% as AI and technology shares sold off amid concerns higher rates could make AI investment harder to finance.
• Wider semiconductor and global tech weakness adds pressure to AMD-linked exposure; October 14’s 11.31% close-to-close decline shows the recent slide has been sharp.