🔴 Technology ETF (DAPP) is trading 2.69% down in pre-market as AI spending doubts pressure tech shares

DAPP is trading at $15.90 (-2.69%) as investors question whether heavy AI infrastructure spending will deliver returns.

• Asian chip stocks sold off, and U.S. futures fell.
• Tesla fell after cutting its capital-spending forecast; Meta’s higher AI-spending outlook renewed cost concerns.
• Rising oil amid Gulf tensions added to risk aversion; jobless claims are due at 8:30 a.m. ET.