MTUM is trading at $292.48, down -1.98% from the regular-session close as Alphabet’s revenue miss and accelerating AI-related cash burn renewed doubts about investment returns, weighing on technology shares.
- Reuters reported Alphabet shares slid 13.2%.
- Samsung’s outlook added to chip-demand concerns, while the Nasdaq’s 2.23% decline pointed to broader tech weakness.
- These pressures may carry into October 30, though Microsoft’s strong results offered a counterpoint.