AIQ is trading at $59.23, down 1.50%, as investors question whether massive AI infrastructure spending will generate returns sufficient to justify its cost.
- Reuters reported the tech sector fell 4.2% in the prior sell-off, while Intel dropped nearly 29%.
- Oracleβs planned $20 billion stock and bond fundraising to support AI investments reinforced those concerns.
- Apple earnings and the November 3 midterm election kept investors cautious.