🔴 IYW is trading 5.1% down as doubts grow over returns on AI spending

IYW is trading at $241.30, down 5.07%, as concerns over returns on massive AI infrastructure spending intensify the technology selloff.

• Amazon’s heavy outlays and cash outflow, alongside Intel’s weak outlook and cash-burn warning, fueled the retreat.
• Pressure spread to chipmakers including NVIDIA and AMD; Reuters reported the S&P 500 information technology index was down 3.9%. All three major U.S. indexes fell, though selling was concentrated in tech.