🔴 Technology ETF (QTUM) is trading 2.71% down as AI spending doubts weigh on tech

QTUM is trading at $138.06 (-2.71%), in line with a broad technology pullback as investors reassess the cost and returns of AI investment.

• Tesla’s reduced capital-spending outlook and Meta’s higher AI spending plans renewed doubts about the AI trade; IBM also fell despite quarterly results beating expectations.
• Rising oil prices amid renewed Middle East tensions added to risk aversion, while Nasdaq futures fell more than 1%.
• QTUM’s information-technology-heavy exposure makes sector-wide weakness the clearest driver of its decline.