LQQ.PA is trading at €9.49, down 4.54%, as Nasdaq-100 and technology shares weakened amid doubts that massive AI infrastructure spending will deliver returns. - Meta’s higher spending outlook, Tesla’s changing investment plans and Lam Research’s cautious forecast weighed on sentiment. - A reported Strait of Hormuz tanker incident pushed oil higher, adding geopolitical and inflation concerns to the risk-off mood. - The ETF’s leveraged exposure magnifies moves in its Nasdaq-100 benchmark.