🔴 Growth ETF (XOVR) is trading 2.36% down in pre-market as investors question AI spending payback

XOVR is trading at $20.25, down 2.36%, as investor doubts about how quickly massive AI infrastructure spending will generate returns weigh on tech stocks.

• Nasdaq futures fell about 2%.
• Alphabet’s earnings-driven drop was compounded by after-hours declines in Amazon and Intel, adding to the technology-sector selloff.
• At 4:18 a.m., no major U.S. data release had hit; the Employment Cost Index is scheduled for 8:30 a.m.