WGMI is trading at $43.53 (-2.31%) in after-hours trading as higher rates pressure information-technology and growth stocks.
- The Federal Reserve raised rates 25 basis points to 3.75%-4.00%; elevated Treasury yields and persistent inflation concerns weigh on technology valuations.
- Reported Intel-SK Hynix manufacturing discussions supported technology shares earlier, but no verified late-breaking holding earnings or company-specific catalyst explains the reversal.
- Weak cryptocurrency performance adds pressure to WGMI’s digital-asset-related holdings.