MGK is trading at $86.48, with a -3.65% change, as AI-investment worries intensified after Amazon results and Intel guidance disappointed, raising questions about returns on huge infrastructure spending.
- Alphabet’s prior-session selloff added pressure.
- Information technology was the market’s biggest drag, with the S&P 500 information technology index down 3.4% to 3.9% in reports during the session.
- The broader market held up comparatively better, pointing to a tech-led decline rather than an equally severe market-wide move.