🔴 Tech ETF (FTEC) is trading 5.13% down on AI investment return concerns

FTEC is trading at $277.71, down 5.13%, as investors question whether heavy AI infrastructure spending will deliver adequate returns.

• Results and outlooks from Amazon and Intel intensified cash-burn and cost concerns; Intel’s weak guidance pressured chipmakers.
• Alphabet’s earlier selloff added strain. Reuters reported the S&P 500 information technology index down 3.4%, with higher borrowing-cost expectations adding pressure.
• The move points to sector pressure rather than an FTEC-specific catalyst.