🔴 Tech ETF (BOTZ) is trading 3.08% down as AI spending concerns pressure tech stocks

BOTZ is trading at $32.55, down 3.08%, as questions about AI spending profitability and payback timelines weigh on technology shares.

• Mixed megacap earnings and Lam Research’s cautious outlook added to sector concerns over heavy AI infrastructure spending.
• Rising Middle East tensions and surging oil prices weakened risk appetite. Major BOTZ holdings NVIDIA (-3.56%) and ABB (-4.84%) also fell, adding pressure to the robotics and AI fund.