🔴 Large Blend ETF (MTUM) is trading 1.6% down today as borrowing costs pressure AI and chip stocks

MTUM is trading at $296.71 (-1.60%) as higher-for-longer borrowing costs and AI infrastructure financing concerns weigh on growth stocks.

• Information technology, representing 54.4% of MTUM, is under pressure as investors reassess debt-heavy AI infrastructure spending. Hot September inflation has reinforced rate-hike concerns, weighing on chipmakers and other growth stocks.
• Dell and HPE fell sharply, while Nvidia and AMD were also lower in recent trading. ASML’s record sales and warning that capacity may not meet AI demand do not offset broader financing and valuation worries.