WGMI is trading at $34.36 (+1.63%) in what appears to be a partial rebound after its 10.67% drop on October 14.
- Hotter-than-expected September CPI and PPI renewed rate concerns; inflation and borrowing-cost worries pressured AI infrastructure and semiconductor stocks.
- Bitcoin was also lower at the U.S. market open, adding pressure to crypto-linked risk assets. An afternoon recovery in risk appetite may help explain WGMI's bounce; no volume data was provided.