🔴 Technology ETF (USD) is trading 3.3% down as AI spending returns face scrutiny

USD is trading at $79.57 (-3.34%) as investors question whether AI infrastructure spending can generate returns quickly enough to justify high valuations and debt.

• On October 16, technology shares came under fresh pressure, with chipmakers and AI-linked companies extending a sector-wide selloff.
• Hotter-than-expected September inflation revived expectations of higher borrowing costs, pressuring capital-intensive technology and AI projects. ASML’s capacity warning highlights strong AI demand but is not evidence of a sector-wide bullish reversal.