🟢 Tech ETF (CHPS) is trading 1.9% up as AI-memory demand outlook boosts tech sentiment

CHPS is trading at $91.63, up +1.89%, as Micron’s strong results and AI-memory demand outlook lifted technology-sector sentiment.

• Nasdaq futures rose 0.7% in early trading.
• Higher Treasury yields and inflation concerns weighed on gains: September ISM manufacturing prices paid rose to 77.9 from 71.1, while the 10-year yield reached 5.342% intraday.
• The AI-chip demand outlook appears to be the clearest positive catalyst, partly offset by rate pressure.