🔴 nVent Electric is trading 5% down in pre-market as inflation fears pressure AI infrastructure shares

nVent Electric is trading at $145.16, down 4.95% in pre-market on October 15, amid broader pressure on AI-infrastructure and technology stocks after hotter-than-expected U.S. inflation renewed rate concerns.

• No clear new company-specific announcement explains the move.
• Reuters reported that rising borrowing costs weighed on AI-infrastructure shares.
• Shares closed October 14 at $152.72, down 5.42%, and have fallen from $173.80 on October 6.