🔴 Tech ETF (FTEC) is trading 2% down in pre-market as AI spending concerns pressure tech stocks

FTEC is trading at $285.99, down -1.96%, as investors question whether heavy AI infrastructure spending can generate returns.

• Alphabet’s earnings-driven selloff was followed by after-hours declines in Amazon and Intel, adding pressure to the sector.
• Nasdaq futures fell as much as 2.2%, while Asian technology and chip stocks also sold off.
• Recent inflation and growth data may add rate uncertainty, but earnings and AI-spending concerns remain the immediate catalyst.