🔴 Growth ETF (MGK) is trading 1.83% down amid fears tighter oversight could slow chip demand

MGK is trading at $86.16, down 1.83%, as technology weakness and AI data-center oversight concerns pressure shares.

• The Nasdaq Composite is down 1.69%, while semiconductor shares extend declines amid fears tighter oversight could slow construction and chip demand.
• Democrats’ midterm gains included states with major data-center projects; chip-specific guidance and demand concerns add pressure.
• The move reverses Wednesday’s broad rally rather than simply continuing the prior session’s direction.