🔴 Tech ETF (CHPS) is trading 1.87% down as inflation and borrowing-cost worries pressure tech shares

CHPS is trading at $79.65, down -1.87%, as inflation and higher borrowing-cost worries pressure rate-sensitive technology shares.

• Investors question whether heavily indebted AI data-center operators can earn enough to justify infrastructure spending, weighing on the AI supply chain.
• The Philadelphia semiconductor index was down for a seventh straight session, adding pressure.
• ASML reported record sales and strong AI demand, but its capacity warning is not clear evidence of a direct cause of CHPS’s decline.