IRE ETF (IRE) is trading at $33.94 (-7.67%) as the fund undergoes a high-volatility reversal following a two-session surge in AI-infrastructure exposure.
- The move is driven by profit-taking in leveraged AI and data-center positions, mirroring the recent rotation seen in the semiconductor sector.
- The selloff appears to be a sector-specific de-risking event rather than a market-wide decline, as broad indices remain in the green.
- The reversal follows a sharp pullback in IREN and volatile premarket action, cooling off recent enthusiasm surrounding AI data centers.