🔴 Mid-Cap Growth ETF (IPO) is trading 7.3% down on October 30, 2026, as AI-spending doubts mount

IPO is trading at $47.10, down 7.27%, as a sharp technology-led selloff renewed doubts about when AI infrastructure investments will pay off. - Losses in Amazon and Intel weighed on the broader market; the Nasdaq fell more sharply than the S&P 500. - Astera Labs, SpaceX, SK hynix, and CoreWeave are among IPO’s largest holdings, and technology names make up much of the portfolio.