IQQ is trading at $24.14, down 1.68%, as investors question whether heavy AI investment can deliver sufficient returns despite strong earnings.
- Weaker Asian chip stocks and lower U.S. futures reinforced pressure on growth-oriented tech shares; broad index futures were lower, and pre-market volume was not provided.
- Rising oil amid Gulf tensions added to broader risk aversion; weekly U.S. jobless claims are due at 8:30 a.m. ET.