🔴 Tech ETF (VGT) is trading 1.84% down in pre-market as AI-return worries pressure tech stocks

VGT is trading at $120.00, down 1.84%, as weak U.S. futures and renewed concern about AI investment returns weigh on technology stocks.

• Lam Research fell 7.4% after-hours following its earnings outlook, adding pressure to semiconductor shares.
• Tesla declined after cutting its 2026 capital-spending forecast; Meta’s higher AI spending outlook renewed scrutiny of infrastructure costs, though its shares rose after strong results.
• Higher oil amid Middle East tensions is adding to broader risk aversion.