🔴 Growth ETF (MGK) is trading 1.55% down as Alphabet results revive doubts over AI spending

MGK is trading at $89.52 (-1.55%) as weak Alphabet results and negative free cash flow renewed doubts about whether heavy AI investment will pay off.

• Microsoft rose after strong cloud results, but broader technology weakness persisted.
• Semiconductor sentiment weakened after Samsung missed chip-profit expectations, as investors awaited Amazon and Intel results.
• Higher-than-expected annual PCE inflation reinforced caution about interest rates.