🔴 Nasdaq-100 2x ETF (LQQ.MI) is trading 3.59% down as AI infrastructure spending faces return concerns

LQQ.MI is trading at €9.37, down 3.59%, as concerns over AI spending returns pressure technology stocks.

• Nasdaq-100 futures and technology shares weakened as investors questioned whether enormous AI infrastructure spending will generate sufficient returns.
• Disappointing reactions to Western Digital and SanDisk forecasts intensified semiconductor selling; AMD declined after weaker-than-hoped-for AI expectations.
• Broader markets stayed comparatively resilient amid Middle East peace-deal optimism; LQQ.MI’s daily 2x leverage magnified the Nasdaq-100 decline in a sector-led rotation, with no major Federal Reserve decision identified as the primary catalyst.