MGK is trading at $88.00, down 1.82%, as overnight selling after Alphabet’s earnings revived concerns about AI investment costs and cash flow.
- Amazon and Intel extended the pressure after their results and outlooks.
- Tech-heavy Nasdaq 100 futures fell as investors reassessed AI spending returns, while weakness spread to Asian technology stocks.
- MGK’s 61.8% information technology exposure is consistent with the move; no pre-market price-volume detail was provided.