🔴 Technology ETF (TQQQ) is trading 11.70% down as Amazon and Intel results fuel AI-return worries

TQQQ is trading at $62.01, down -11.70%, as disappointing Amazon and Intel results intensified concerns about AI spending and returns.

• Nasdaq fell 3.4%; Amazon’s cash outflows and continued heavy investment, along with Intel’s weak outlook and cash-burn warning, pressured technology stocks.
• Alphabet’s earlier results added to investor concerns about AI costs and returns.
• TQQQ’s leveraged exposure magnifies the broad Nasdaq-100 decline; the move reflects sector pressure, not a TQQQ-specific catalyst. The drop was sharp intraday; volume details were unavailable.