🔴 Tech ETF (CIBR) is trading 2.48% down amid hotter inflation and rate concerns

CIBR is trading at $100.96, down 2.48%, as hotter inflation and higher-for-longer rate concerns weigh on technology stocks.

• The October 14 CPI surprise revived rate concerns, pressuring growth stocks and AI infrastructure companies with large financing needs.
• Technology and semiconductor shares weakened over the past week amid AI investment and debt concerns.
• ASML’s record sales and strong AI demand outlook did not appear to offset sector-wide selling.