🔴 Nasdaq-100 Income ETF (QQQI) is trading 1.5% down today as debt-funded AI spending pressures technology stocks

QQQI is trading at $54.06 (-1.52%) as investors reassess debt-funded AI infrastructure spending.

• CoreWeave’s debt burden is amplifying concerns across technology and chip stocks.
• Hotter-than-expected September inflation has added to worries about borrowing costs and the Federal Reserve outlook, while technology weakness is dragging on the broader market.
• Micron, AMD, Broadcom, and Intel were lower in trading reports.