🔴 Tech ETF (FTXL) is trading 3.72% down in pre-market as doubts mount over AI-spending returns

FTXL is trading at $219.79 (-3.72%) as mixed Meta and Tesla reactions revived doubts about returns on AI spending.

• Meta raised its investment outlook, while Tesla shares fell after cutting its capital-spending forecast.
• Weak Nasdaq futures and Asian technology shares reflected broader pressure. Rising oil amid Gulf tensions added to risk aversion, while lower U.S. futures pointed to broader market weakness.
• The supplied alert gives no pre-market volume, so activity level is unavailable.