🟢 SQQQ is trading 5.7% up in pre-market as doubts over AI returns pressure tech shares

SQQQ is trading at $40.35, up +5.66% in pre-market as concerns about whether major companies’ AI spending will generate adequate returns pressure Nasdaq and technology shares.

• This compares with the October 29 close of $37.83.
• Nasdaq futures fell; Reuters reported Alphabet shares down 12.6%, Intel down 23% and Amazon down 7% after hours.
• Reports point to broader tech-market weakness, not a company-specific SQQQ catalyst.