🟢 SQQQ is trading 12% up today as AI return doubts pressure Nasdaq

SQQQ is trading +11.78% at $41.83 as technology stocks and the Nasdaq sell off amid doubts that massive AI spending will deliver adequate returns.

• Reuters reported that Amazon’s continued AI spending plans and Intel’s cash-burn warning intensified those concerns.
• The Nasdaq opened at its lowest level in more than two months and fell 2.26% in early trading.
• SQQQ also rose 4.27% on October 29, extending recent volatility.