🔴 AI ETF (GXAI.AX) is trading 4.73% down as U.S. inflation revives higher-rate concerns

GXAI.AX is trading at A$16.51, down 4.73%, as above-forecast U.S. inflation revived concerns about higher rates for longer.

• September U.S. CPI was 3.7%, above the 3.6% forecast.
• Investors sold AI-related stocks amid doubts about the sustainability and debt financing of data-center investment; global chipmakers fell sharply.
• AI-sensitive shares were pressured despite a late-session recovery in broader U.S. markets. No ETF-specific volume data was provided.