MTUM is trading at $310.31, down -1.52%, as chip stocks faced pressure from competition concerns after China’s CXMT reported progress on a denser memory-chip design.

  • Investors also weighed doubts about the scale and financing of AI infrastructure spending, adding to selling in AI-linked technology shares.
  • The broader market was nearly flat, making technology and semiconductor weakness the clearest sector-level driver; Wednesday’s CPI report added uncertainty.