AIQ is trading at $62.63, down 2.14% versus the October 21 close, as investors question whether major technology companies’ AI investments can justify their cost. - Nasdaq futures fell; Tesla cut its capital-spending forecast while Meta raised its AI-spending outlook. - Rising oil prices following reports of damaged tankers in the Strait of Hormuz added to broad risk aversion and pressure on global technology shares. - U.S. futures were lower, and Asian technology shares declined.