🔴 Tech ETF (VGT) is trading 2.01% down as AI debt concerns pressure tech stocks

VGT is trading at $119.88 (-2.01%) as investors question whether AI infrastructure demand can justify debt-heavy spending.

• Scrutiny of CoreWeave’s roughly $50 billion debt burden is weighing on AI-linked stocks.
• Hotter-than-expected inflation has revived concerns about higher-for-longer interest rates, pressuring technology stocks sensitive to borrowing costs.
• Information technology was reported as the S&P 500’s weakest sector, while major indexes were also lower.