Roundhill Generative AI & Technology ETF is trading 5.4% lower at $88.56 as a broader Nasdaq decline and rising Treasury yields weigh on AI-related growth stocks.
- Strong recent jobs data have reinforced expectations for a higher-for-longer Federal Reserve interest rate policy, putting pressure on long-duration tech valuations.
- The sell-off follows a brief rebound in technology shares after geopolitical tensions eased, as macroeconomic concerns shift focus back to interest rate risks.
- The decline reflects broader weakness across the information technology sector as yields move higher.