GPIQ is trading at $55.80, down 1.53%, as tech weakness followed mixed megacap results and renewed doubts about returns on large AI investments.
- Tesla fell after cutting its 2026 capital-spending forecast; Meta’s higher AI-spending plans intensified investor scrutiny.
- Weaker Lam Research guidance pressured chipmakers, while rising oil prices and Middle East tensions added to risk aversion.
- The broader Nasdaq decline reinforced the sector-led move.