🔴 Growth ETF (MGK) is trading 1.71% down in after-hours trading as Alphabet results revive AI-spending concerns

MGK is trading at $88.10, down 1.71%, in after-hours trading as Alphabet’s results reignited concerns about heavy AI investment and cash burn.

• Alphabet shares fell nearly 13%.
• After the close, Amazon and Intel also sold off on disappointing outlooks, while the Nasdaq Composite fell 2.56%, adding pressure to MGK’s technology-heavy portfolio.