🔴 Tech ETF (WQTM) is trading 2.24% down as investors question AI spending returns

WQTM is trading at $27.87 (-2.24%) as doubts about returns from heavy AI infrastructure spending pressure technology shares.

• Mixed megacap results renewed questions about whether the spending will deliver returns quickly enough.
• Rising oil prices amid escalating Middle East tensions are adding inflation concerns and risk aversion, weighing on growth stocks.
• The Nasdaq Composite is down 1.37%, and WQTM is moving with the wider tech selloff.