🔴 Tech ETF (SOXQ) is trading 4.79% down in pre-market as AI spending concerns pressure chip stocks

SOXQ is trading at $86.29 (-4.79%) in pre-market as concerns about whether AI investments can generate returns quickly enough pressure technology stocks.

• Intel plunged 23% after hours on a weaker revenue outlook; Amazon fell 7.3% amid spending concerns.
• Alphabet’s earnings disappointment and negative cash flow deepened doubts about AI investment returns.
• Chip weakness spread overseas, with South Korea’s KOSPI down more than 3%; Nasdaq futures fell roughly 2%, reflecting pressure on technology and growth stocks.