🔴 Large Growth ETF (QQQM) is trading 1.61% down as AI infrastructure debt concerns pressure tech stocks

QQQM is trading at $294.97 (-1.61%), with AI infrastructure debt concerns weighing on technology shares.

• Information technology fell 0.9%, making technology shares the S&P 500’s biggest drag; the broader Nasdaq was also down.
• Investors are reassessing whether heavily indebted AI infrastructure businesses can earn returns sufficient to justify their borrowing and spending. CoreWeave’s debt concerns added pressure to AI-linked technology stocks.
• Hotter-than-expected inflation revived concern about interest rates staying higher, weighing on growth stocks.