🔴 Nasdaq-focused ETF (JEPQ) is trading 3.63% down as AI-spending doubts hit technology stocks

JEPQ is trading at $57.30, down -3.63%, as investors questioned whether AI infrastructure spending can generate returns quickly enough to justify valuations.

• On October 30, weak results and guidance from Intel and Amazon intensified concerns after Alphabet’s earnings reaction; chipmakers also fell.
• Reuters reported the Nasdaq down 3.4% and the S&P 500 information technology sector among the session’s steepest drags.
• Defensive sectors held up better as investors rotated toward safer assets; JEPQ’s substantial technology exposure likely contributed to its move.