🔴 Large Blend ETF (SPMO) is trading 2.55% down in pre-market as earnings fuel AI spending fears

SPMO is trading at $138.80 (-2.55%) as tech earnings intensified concerns about AI spending, cash burn and returns.

• Results from Alphabet, Amazon and Intel heightened those worries; Intel fell 23% and Amazon 7% after hours.
• The tech decline spread across Asia: South Korea’s KOSPI fell more than 5%, Japan’s Nikkei more than 2%, and Nasdaq 100 futures dropped as much as 2.2%.
• No immediate U.S. release appeared to explain the overnight move; sector earnings and AI-investment concerns were the dominant catalyst.