🔴 Tech ETF (FTXL) is trading 2.03% down as debt-funded AI infrastructure concerns pressure technology shares

FTXL is trading at $219.48 (-2.03%) as renewed concern over the cost and sustainability of debt-funded AI infrastructure pressures technology shares.

• CoreWeave’s borrowing costs have risen sharply, intensifying scrutiny of the sector’s financing risks.
• Weakness in Asian technology shares and a lower Nasdaq reading add to pressure.
• JPMorgan says bank exposure to CoreWeave is limited, which may ease contagion fears, but broader concerns about returns on AI spending remain.