SPMO is trading at $136.32 (-4.87%) during the October 30 session, pressured by technology weakness and questions about whether surging AI infrastructure spending will generate adequate returns.
- The S&P 500 information technology index was down 3.4%.
- Disappointing outlooks and cash-flow concerns from Intel and Amazon added to worries following Alphabet’s sharp decline the prior session.
- Higher borrowing-cost concerns also weighed on the AI buildout trade.