🔴 Smart Grid Infrastructure ETF (FGRD.L) is trading 3.12% down amid AI data-center profitability and financing concerns

FGRD.L is trading at £4324.50 (-3.12%) as investors question the profitability and financing of AI data-center investment.

• Asian electrical-equipment stocks fell broadly on October 20 amid pressure on grid and power-equipment shares.
• Recent technology-sector volatility and concerns about debt-funded AI projects are a likely headwind for the infrastructure-focused fund.
• Quanta Services, an approximately 8.7% holding, closed down 2.13% on October 19, adding pressure ahead of the current session.