🔴 NetEase is trading 4% down today as AI-spending concerns weigh on tech stocks

NetEase is trading 4.02% down at $117.81 on October 22, 2026, amid broad technology weakness as investors renewed concerns about AI spending.

• Nasdaq futures fell more than 1% as AI-spending concerns resurfaced after Tesla and Meta earnings.
• Rising oil prices further weighed on sentiment.
• No clear company announcement surfaced. Nomura’s preview forecast third-quarter revenue 3% below consensus, but available reporting does not establish it as the direct cause.