🔴 AI ETF (GXAI.AX) is trading 4.07% down as AI-spending concerns hit tech shares

GXAI.AX is trading at A$15.80, down -4.07%, as technology shares sold off over concerns that heavy AI investment may not deliver returns soon.

• Results from Alphabet, Amazon and Intel amplified those concerns; GXAI.AX has substantial technology and semiconductor exposure.
• Nasdaq futures were reported down 3.48%, extending the risk-off tone ahead of the next session.
• The A$15.80 price is not a confirmed November 2 closing price.