🔴 Tech ETF (FTXL) is trading 4.35% down as investors question AI spending returns

FTXL is trading at $218.35, down 4.35%, as investors question whether heavy AI infrastructure spending will generate adequate returns.

• Mixed reactions to Meta and Tesla results renewed concerns about AI spending.
• Tesla’s reduced 2026 capital-spending forecast and rising oil prices amid Middle East tensions added to risk aversion.
• Nasdaq futures led broader market declines.