🔴 Large Growth ETF (QTOP) is trading 1.9% down as AI spending concerns weigh on tech shares

QTOP is trading at $37.27 (-1.91%) as information technology weakness pressures the ETF, whose holdings are 65.8% in that sector.

• Alphabet’s disappointing results and rising AI spending revived concerns about returns; Samsung also fell after chip results missed lofty expectations.
• Microsoft’s strong cloud growth offered a counterpoint, but Nasdaq futures were lower.
• September PCE data was due later, leaving inflation and rate concerns in focus.