🔴 Tech ETF (XLK) is trading 5.4% down as Intel and Amazon fuel AI-spending concerns

XLK is trading at $179.76, down 5.39%, as disappointing results and outlooks from Intel and Amazon triggered broad technology selling.

• Intel’s weak guidance and Amazon’s heavy AI investment heightened concerns about returns.
• Alphabet’s prior-session plunge added pressure, with concerns spreading across chipmakers and other AI-linked stocks. The move reflects sector-wide worries, not a single XLK-specific catalyst.