🔴 Nasdaq-100 ETF (QQQI) is trading 1.53% down as AI-spending concerns weigh on tech shares

QQQI is trading at $53.31 (-1.53%) as Nasdaq weakness weighs on its technology-heavy exposure.

• Alphabet’s earnings miss and heavy AI spending reignited doubts about returns, while Microsoft’s strong cloud results offered a partial counterpoint.
• Semiconductor weakness, including Samsung’s disappointing chip results, added pressure. September PCE inflation was 3.6% year over year, sustaining rate concerns.