🔴 Mid-Cap Growth ETF (ARKQ) is trading 4.39% down as Amazon and Intel outlooks fuel AI-spending concerns

ARKQ is trading at $110.52, a -4.39% move, as concerns over AI infrastructure spending weigh on technology stocks. - Friday’s disappointing results and spending outlooks from Amazon and Intel intensified those concerns; Intel’s cash-burn warning added to weakness in chip stocks. - The Nasdaq fell sharply, with technology stocks leading the broader decline. ARKQ also closed lower on October 29 after concerns sparked by Alphabet’s results and AI spending.