🔴 Mid-Cap Growth ETF (ARKQ) is trading 3.1% down on October 22, 2026, on AI spending concerns

ARKQ is trading at $112.22 (-3.13%) as technology shares sold off amid concerns that heavy AI infrastructure spending may not deliver returns.

• Weaker Lam Research guidance added pressure.
• Tesla, ARKQ’s largest holding at 11.38% of the portfolio, was under pressure after its lower 2026 capex forecast; rising oil amid Middle East tensions added to broader risk aversion.
• The broader market was also lower, with technology leading declines.