🔴 Growth ETF (MGK) is trading 1.6% down as AI infrastructure debt fears pressure tech

MGK is trading at $90.59 (-1.60%) as investors question whether debt-heavy AI infrastructure spending will generate returns.

• CoreWeave’s financing concerns have become a focal point of the broader AI trade selloff.
• Hotter-than-expected September inflation revived rate-hike concerns, pressuring growth stocks sensitive to borrowing costs.
• Technology weakness is weighing on the broader market, while ASML’s capacity warning underscores constraints in meeting AI demand.