🔴 Technology ETF (GPIQ) is trading 3.77% down on October 30 as AI spending faces return doubts

GPIQ is trading at $54.00, down 3.77%, as investors question whether heavy AI-infrastructure spending will generate adequate returns.

• Amazon’s cash outflows and continued investment plans, Intel’s weaker outlook, and Alphabet’s previous-session cash-flow concerns intensified that worry.
• Reuters reports put the S&P 500 information technology index down 3.4% to 3.9%, making tech the market’s biggest drag.
• The supplied price context includes no volume data.