🔴 S&P 500 ETF (SPY) is trading 1% down as AI debt concerns weigh on tech shares

SPY is trading at $764.02 (-1.01%) as investors question whether AI infrastructure spending can generate returns sufficient to service the sector’s heavy borrowing.

• CoreWeave’s roughly $50 billion debt load has become a focal point in those concerns.
• September CPI came in hotter than expected, renewing concerns about higher interest rates and pressuring rate-sensitive technology shares.
• Technology and semiconductor weakness is weighing on the broader index; Reuters reports AI-led selling and inflation data have pressured weekly market performance.