🔴 Technology ETF (SPRX) is trading 1.67% down in pre-market as investors question AI infrastructure spending

SPRX is trading at $41.25, down 1.67%, as investors question AI infrastructure spending and data-center operators’ ability to manage debt.

• On October 16, Micron and AMD were lower premarket, while Nvidia was slightly higher.
• September CPI was 3.7%, above the 3.6% forecast, reviving concerns about higher rates and borrowing costs for growth stocks.
• Nasdaq futures were down 0.26% in the supplied market context; no major U.S. indicator was scheduled before the open.