🔴 Tech ETF (IYW) is trading 2% down in pre-market as AI spending revives return doubts

IYW is trading at $252.41, with a -2.01% change, as renewed concerns over returns from heavy AI investment weighed on technology stocks.

• Alphabet fell about 10% overnight after disappointing sales and concerns about heavy AI investment.
• Samsung Electronics slid as investors focused on semiconductor-profit expectations and shareholder returns, adding pressure to global tech sentiment.
• Nasdaq 100 futures fell roughly 1.4–1.5%, while Microsoft gains after strong results provided only a partial counterweight.