🔴 Tech ETF (FTEC) is trading 1.57% down as investors question returns on AI spending

FTEC is trading at $290.19, with a -1.57% change, as investors question whether heavy AI investment will generate adequate returns.

• Alphabet’s weaker-than-expected results and negative free cash flow heightened those concerns; Samsung’s earnings miss also weighed on semiconductor sentiment.
• Microsoft’s stronger results offered a counterpoint. Broader markets fell, with the sharper Nasdaq decline showing technology was under particular pressure.
• GDP and PCE data added a macro backdrop as investors assessed inflation and rates.