🔴 S&P 500 ETF (UPRO) is trading 3% down as AI debt fears pressure stocks

UPRO is trading at $146.92 (-3.04%) as AI spending debt concerns and technology weakness weigh on the broader market.

• CoreWeave’s debt concerns have rippled across AI-linked companies, while chip stocks remain under pressure.
• Hot inflation data has raised rate-hike concerns, pressuring companies reliant on borrowing and growth expectations.
• UPRO’s leveraged exposure to the S&P 500 magnifies the index’s decline.