🔴 Tech ETF (WQTM) is trading 1.6% down as Meta’s AI spending revives data-center return doubts

WQTM is trading at $26.91 (-1.61%) as Meta’s higher AI-spending outlook revives doubts about returns on costly data-center investments.

• Semiconductor shares also weakened.
• Tesla’s spending update added to concerns about AI investment payoffs, while higher oil prices and geopolitical risk reinforced cautious sentiment. Major indexes were also lower, pointing to broader risk aversion alongside sector weakness.