🔴 Technology Income ETF (GPIQ) is trading 1.5% down in pre-market as AI spending returns are questioned

GPIQ is trading at $55.83 (-1.52%) as technology shares weakened amid questions about whether massive AI infrastructure spending will generate returns.

• Mixed reactions to Meta and Tesla results added pressure, while weaker guidance from Lam Research weighed on chipmakers.
• Broader risk aversion compounded the move: U.S. futures fell, Asian technology shares slumped, and Middle East tensions pushed oil higher.
• The Nasdaq Composite was down 1.77% pre-market.