Tech sector retreats in October as investors reassess AI spending outlook

The technology sector (XLK [https://seekingalpha.com/symbol/XLK]) slipped nearly 8.3% in October as rising borrowing costs stoked concerns that AI infrastructure spending could slow, putting pressure on companies that have benefited from the investment boom. In October, tech giant Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) slipped 10.4%. On the other hand, Apple (AAPL [https://seekingalpha.com/symbol/AAPL]) and Microsoft (MSFT [https://seekingalpha.com/symbol/MSFT]) gained 3.49% and 1.76%, respectively, in October. TECHNOLOGY SECTOR SCORECARD * Sector Return: -8.29% month-to-date * Best Performer: PTC (+33.50%) * Top Detractor: Intel (-45.