SPTE is trading at $46.97, with a -1.65% change in after-hours trading as tech results reinforced doubts about returns on AI investment.
- During October 29 trading, Alphabet’s earnings miss and heavy AI spending concerns weighed on technology shares.
- After the close, Amazon missed revenue and earnings expectations, while Intel issued weak guidance, adding pressure to tech futures.
- Microsoft’s strong cloud results offered a counterpoint.