🔴 Digital Assets ETF (NODE) is trading 4.37% down as AI financing concerns pressure tech stocks

NODE is trading at $33.30, down 4.37%, as investors question returns on debt-funded AI infrastructure spending.

• Its 41.3% information technology allocation is exposed to the selloff; CoreWeave debt concerns and pressure on chip and AI-linked stocks weighed on the sector.
• Hotter-than-expected September inflation revived concerns about interest rates and borrowing costs, adding pressure to growth stocks.
• ASML reported record sales and strong AI equipment demand, but that positive news has not offset broader sector weakness.