QTOP is trading at $37.84 (-1.90%) as hotter-than-expected September CPI—3.7% year over year—rekindled higher-for-longer rate concerns, weighing on growth stocks.

  • Technology shares faced pressure as borrowing-cost worries and doubts about AI-investment returns could undermine the expensive AI buildout.
  • Nasdaq futures fell 1.1%, while Asian chip and technology stocks sold off sharply.
  • ASML’s record results and stronger outlook point to continued AI-chip demand but have not offset the broader tech-sector risk-off move.