🔴 AI ETF (GXAI.AX) is trading 4.04% down as hotter-than-expected U.S. inflation revived rate concerns

GXAI.AX is trading at A$16.63, down 4.04%, as hotter-than-forecast U.S. inflation revived concerns about higher rates for longer. - September U.S. CPI rose 3.7% year over year, above the 3.6% forecast. Rising Treasury yields pressured growth and technology shares, a broad headwind for the ETF’s AI-focused portfolio. - Semiconductor weakness added pressure: Nvidia fell 3.2% and Broadcom fell 3.1%. The ETF’s holdings are diversified, making the broader rates-and-technology selloff a more persuasive explanation than any single stock.