🔴 Technology ETF (IYW) is trading 2% down as AI infrastructure debt concerns pressure tech

IYW is trading at $253.42, -2.04%, as investors reassess debt-heavy AI infrastructure spending and CoreWeave’s debt concerns pressure AI-linked technology stocks.

• Hotter-than-expected inflation has revived rate-hike worries, weighing on borrowing-sensitive growth stocks.
• The broader market is lower, with technology a particular drag.
• ASML’s record sales and strong AI demand have not offset sector-wide selling.