SPRX is trading at $40.62, down 3.17%, as hotter-than-expected September CPI—3.7% year over year versus 3.6% forecast—renewed concerns about restrictive Fed policy and borrowing costs.

  • The tech selloff also reflects scrutiny of debt-funded AI infrastructure spending and semiconductor weakness.
  • Micron and AMD were lower premarket while Nvidia edged higher. Asian chip-market declines added pressure; mixed major-index moves suggest tech-specific weakness rather than a uniform market drop.