TECL is trading at $198.29 (-4.58%) as investors question whether AI infrastructure companies can generate returns sufficient to cover rising financing costs.
- Reuters reported that AI-sector debt and borrowing-cost worries weighed on U.S. technology stocks on October 16.
- September CPI showed annual inflation of 3.7%, versus 3.6% expected.
- Hotter-than-expected inflation reinforced higher-for-longer rate concerns, adding pressure to rate-sensitive growth stocks.