🔴 Growth ETF (IUSG) is trading 1.69% down as doubts over AI returns weigh on tech

IUSG is trading at $188.72, down 1.69%, as doubts about AI investment costs and returns weigh on technology stocks.

• Nasdaq futures fell amid renewed doubts about the AI trade. Tesla’s reduced capital-spending forecast and scrutiny of Meta’s AI spending outlook pressured megacap tech.
• IBM also fell despite beating earnings expectations.
• Rising oil prices linked to escalating Middle East tensions further weakened risk sentiment.