VGT is trading at $120.98, down 1.52%, as hotter-than-expected U.S. inflation renewed concerns about higher interest rates, pressuring growth-oriented technology valuations.

  • Global chip selling intensified as investors questioned AI infrastructure financing and the outlook for AI demand.
  • Asian technology-heavy markets fell sharply, including South Korea’s KOSPI and Japan’s Nikkei.
  • Nasdaq futures and major semiconductor shares were lower pre-market, consistent with broad sector weakness rather than a VGT-specific catalyst.