UFO is trading at $40.17, down 3.62%, as disappointing Amazon and Intel results revived concerns that heavy AI spending may not deliver returns quickly enough.

  • Risk-off selling followed the results, and Nasdaq futures fell sharply amid a broad tech selloff.
  • Overnight reports noted declines in SpaceX, AST SpaceMobile and Rocket Lab; Amazon’s satellite-service plans added competitive pressure.
  • Weakness across tech and space-related names is consistent with pressure on UFO’s communication-services and industrials exposure.