🔴 Communications ETF (FCOM) is trading 1.7% down as Alphabet results spur AI-spending and cash concerns

FCOM is trading at $64.49, down -1.72%, as Alphabet’s results raised concerns about heavy AI investment and weaker cash generation.

• Alphabet fell 12.6%, helping drive communication services’ sharp decline.
• The move reflects a broader technology selloff over whether massive AI infrastructure spending will deliver adequate returns; Friday’s lower Treasury yields did not offset sector pressure.
• No live volume figure was available in the provided price context.