🔴 Tech ETF (CHPS) is trading 4.08% down on October 22, 2026, as AI cost concerns grow

CHPS is trading at $76.86, down -4.08%, as AI investment costs renew concerns across technology stocks.

• Nasdaq futures and growth stocks weakened after Tesla’s lower capital-spending forecast and scrutiny of Meta’s AI funding.
• Higher oil prices amid renewed Middle East tensions added to broader risk aversion. Technology shares led the decline, while the Nasdaq Composite fell 1.67%.