🔴 MULL is trading 96.5% down today as tech rout deepens on rising AI costs and sector rotation

MULL is trading 96.5% down today as the tech-heavy ETF faces intense pressure from a broader sector selloff and rising infrastructure costs.

• High-valuation AI and semiconductor stocks are leading the decline, with the Nasdaq underperforming amid concerns over rising memory and AI infrastructure expenses.
• Market sentiment is further dampened by price hikes from Apple and Microsoft, alongside a significant rotation out of growth-oriented tech into defensive sectors.
• The downward momentum has overwhelmed any positive impact from IBM’s new 0.7 nm chip announcement.