GARY is trading at $25.00 (-1.51%) as information technology comes under pressure from investor skepticism regarding the payoff of AI-heavy capital spending.
- Sentiment is being weighed down by Alphabetβs capex-driven selloff, which has impacted Nasdaq-linked growth stocks as investors re-evaluate high spending levels.
- Broader risk appetite has softened following new U.S. tariffs on major trading partners, sparking concerns over potential trade disruptions and rising inflation.
- The market turned mixed intraday as an earlier tech-led rally faded, leaving growth-oriented instruments under pressure.