🔴 Large Growth ETF (IQQ) is trading 2.1% down in pre-market as AI-return doubts deepen

IQQ is trading at $23.71, down -2.07%, as doubts over returns on heavy AI spending pressure tech shares.

• Major tech earnings renewed doubts: Alphabet’s results and negative free cash flow weighed on sentiment; Amazon fell 7.3%, Intel plunged 23% after hours.
• Asia’s technology and semiconductor shares weakened; Nasdaq 100 futures fell about 2.2%, adding broader risk-off pressure.
• No major U.S. economic release was scheduled before the open; Employment Cost Index is due at 8:30 a.m. EDT.