🔴 Technology ETF (BULZ) is trading 6.55% down as Alphabet results revive doubts about AI returns

BULZ is trading at $34.98, down 6.55%, as Alphabet’s weaker-than-expected results and rising AI infrastructure spending revived doubts about returns on Big Tech investments.

• The Nasdaq led broader weakness; Microsoft’s strong results offered a partial counterweight, while semiconductor stocks also traded lower.
• Investors focused on U.S. PCE inflation and GDP data, adding uncertainty around rates and growth-stock valuations.