🔴 Growth ETF (QQQM) is trading 2.18% down in pre-market as AI spending concerns fuel tech selloff

QQQM is trading at $288.12, down 2.18%, as investors question returns on heavy AI infrastructure spending.

• Amazon and Intel shares fell sharply after hours following earnings, adding pressure after Alphabet’s steep decline.
• Nasdaq futures were down about 2%, with technology shares leading a broader global selloff; the move is primarily a sector repricing rather than a single-company event.
• An economic release is scheduled for 8:30 a.m. EDT, after this 4:13 a.m. snapshot.