🔴 Growth ETF (PWB) is trading 2.75% down as AI investment doubts weigh on technology shares

PWB is trading at $151.22, down -2.75%, as technology shares face renewed doubts about returns on heavy AI investment.

• Tesla’s reduced 2026 capital-spending forecast and Meta’s higher AI spending outlook added to those concerns.
• Lam Research’s weaker outlook weighed on semiconductor stocks.
• Rising oil prices amid Middle East tensions further dampened risk sentiment; information technology represents 49.8% of PWB’s stated composition.