🔴 Tech ETF (CHAT) is trading 2.13% down today as hotter producer inflation pressures technology stocks

CHAT is trading at $88.75, down 2.13%, amid tech-led risk-off trading as hotter producer inflation and firm Treasury yields pressure growth shares.

• August PPI rose 5.4% year over year, above expectations; Nasdaq futures fell more sharply than broader-market futures.
• Brent crude above $100 amid U.S.-Iran escalation is reinforcing inflation and geopolitical concerns.
• The move is macro- and sector-driven, not a single-company catalyst; NVIDIA’s Hugging Face acquisition offers a positive AI narrative but does not offset pressure.