🔴 Tech ETF (XSD) is trading 2.34% down as AI data-center debt concerns pressure tech shares

XSD is trading at $462.14, with a -2.34% change, as renewed weakness in AI-linked stocks and concern over debt-financed data-center investment weighed on technology shares.

• CoreWeave and Nebius fell in premarket trading; a sharp selloff in South Korean AI infrastructure firm Elice amplified doubts about the AI buildout.
• Rising oil prices added pressure to Nasdaq futures.
• The weakness fits XSD’s technology-heavy exposure, despite Monday’s rebound and news that JPMorgan sees limited bank exposure to CoreWeave debt.