🔴 Growth ETF (PWB) is trading 1.64% down as CXMT memory advances raise competition concerns

PWB is trading at $159.70 (-1.64%) as reports of Chinese chipmaker CXMT’s memory-chip advances raise competitive concerns for established producers, including Micron.

• Nvidia, AMD and Broadcom are also lower, reflecting broader weakness across chip stocks.
• Concerns about AI-stock valuations and the sustainability of AI infrastructure spending add to sector pressure.
• The broader market is only slightly lower, making technology weakness a more direct explanation for PWB’s decline.