🔴 Technology ETF (BULZ) is trading 3.48% down as AI-spending doubts pressure chip stocks

BULZ is trading at $41.60, down 3.48%, as China competition and doubts about AI-spending returns pressure chip stocks.

• September CPI came in hotter than expected: headline inflation was 3.7% versus 3.6% expected, while core was 2.6% versus 2.5% expected, renewing rate concerns.
• Investors assessed mixed ASML results and awaited TSMC’s report for clues on semiconductor demand.
• Broader markets were comparatively subdued, while BULZ’s leveraged technology exposure likely magnified the sector’s decline.