🔴 Technology ETF (GPIQ) is trading 1.5% down in pre-market as AI-return doubts pressure technology stocks

GPIQ is trading at $55.22, down 1.52% in pre-market, as AI-return doubts weigh on technology stocks.

• Disappointing Alphabet, Amazon and Intel results, including Alphabet’s sharp post-results decline, intensified concerns over heavy AI spending.
• Amazon fell 7% and Intel 25% in premarket trading; Nasdaq futures dropped more than 2%, amid weak semiconductor sentiment and rotation out of AI-related stocks.
• Information technology makes up 59.5% of GPIQ’s portfolio.