🔴 Growth ETF (QQQM) is trading 3.9% down as AI spending fears pressure tech shares

QQQM is trading at $283.77 (-3.90%) as investors question whether massive AI infrastructure spending will generate returns quickly enough.

• Amazon’s spending and cash-flow update and Intel’s weak outlook intensified the selloff; Nvidia and AMD also fell.
• Reuters reported the S&P 500 information technology sector was down 3.9% intraday; Nasdaq weakness confirmed tech was a major drag on the wider market. The move follows Alphabet’s sharp decline the prior session, adding pressure to AI-linked stocks.