🟢 Tech ETF (FTXL) is trading 1.61% up as tech stocks partially stabilize after AI selloff

FTXL is trading at $216.56, up +1.61%, as technology stocks partially stabilize after the October 22 selloff driven by doubts about AI infrastructure spending returns.

• Doubts about returns on heavy AI infrastructure spending drove the selloff; Tesla’s lower capital-spending forecast and Meta’s higher AI spending outlook amplified concerns.
• Higher oil prices and Middle East tensions continued to weigh on sentiment, while technology losses eased in Friday trading.
• Mixed major indexes in the supplied snapshot indicate a sector rebound rather than a broad market rally.