🔴 Destiny Tech100 is trading 5.5% down today as AI spending concerns pressure tech stocks

Destiny Tech100 is trading at $27.41, down 5.48%, amid AI spending concerns and broader risk-off trading.

• The Nasdaq is down 2.29% and the S&P 500 is down 1.32%; Middle East tensions have lifted oil prices.
• Anthropic’s reported $80.7 billion first-half loss is relevant given the fund’s substantial exposure, but reporting does not establish it as the direct cause of the decline.
• Destiny Tech100 announced second-quarter results today; the retrieved report says they were issued August 28.