🔴 Tech ETF (WQTM) is trading 2.49% down as hot September CPI revives rate concerns

WQTM is trading at $27.70, down 2.49%, as hot September CPI revived expectations of higher rates, pressuring growth and technology valuations.

• Global chip and AI-linked shares sold off amid concerns about borrowing costs and debt-funded AI infrastructure, despite strong TSMC results.
• The decline extends WQTM’s recent slide; its supplied October 14 close was $28.46 (-4.24%).