🔴 Tech ETF (CHAT) is trading 2.55% down as CXMT's denser DRAM progress raises oversupply concerns

CHAT is trading at $86.90, down 2.55%, as reported progress by Chinese chipmaker CXMT on denser DRAM technology heightened competition and oversupply concerns.

• The DRAM index fell 3.44%, while Applied Materials dropped 6.7%.
• Mixed ASML results and caution ahead of the U.S. CPI release added to weaker technology sentiment; broad-market declines were comparatively modest.