🔴 Technology ETF (WGMI) is trading 3.57% down as hot September inflation revives higher-rate expectations

WGMI is trading at $33.47, down 3.57%, as hot September inflation revived expectations of higher rates, weighing on borrowing-sensitive technology and AI infrastructure shares.

• Investors are questioning the debt and returns behind AI infrastructure spending, pressuring chip and related stocks.
• Bitcoin-mining and AI-infrastructure shares have also faced selling, relevant to WGMI’s exposure.
• The broader market is mixed: the Nasdaq is down 0.57%, while the S&P 500 is up 0.02%.