🔴 Tech ETF (IYW) is trading 1.82% down as AI infrastructure spending fuels investor concern

IYW is trading at $252.15 (-1.82%) as concerns over AI infrastructure spending weigh on technology shares.

• Tesla cut its 2026 capital-spending forecast, while Meta’s AI investment plans renewed questions about infrastructure costs and potential payoff.
• Rising oil prices amid escalating Middle East tensions are adding inflation worries and broader risk aversion; tech-heavy Nasdaq futures led the market lower.