🔴 SKYY is trading 2.45% down in pre-market as rate concerns weigh on AI funding

SKYY is trading at $160.00, down 2.45%, as hotter-than-forecast September CPI revived rate-hike concerns and pressured technology shares.

• Reuters reported Nasdaq futures fell more than 1% as investors worried higher interest rates could make AI investment harder to fund.
• Cloud-computing names Oracle and CoreWeave also fell in pre-market trading. The pressure was broad rather than SKYY-specific, and no new company-specific catalyst surfaced in the search.