🔴 Tech ETF (AIQ) is trading 2.17% down in after-hours trading as Alphabet's revenue disappoints

AIQ is trading at $63.00 (-2.17%) in after-hours trading as Alphabet fell about 9% after disappointing revenue and negative free cash flow raised concerns about returns on AI spending.

• Microsoft rose 2% on strong results, partly offsetting pressure; Alphabet is a smaller AIQ holding.
• Record SK Hynix results earlier supported chip stocks, but the after-hours earnings reaction shifted focus to megacap tech risks.
• The Fed held rates steady; investors also face Thursday’s earnings and economic releases.