🔴 Nasdaq-100 ETF (QDTE) is trading 3% down as investors question returns on AI spending

QDTE is trading at $27.48, down 3.02%, as tech stocks sell off amid questions about returns on major AI investments.

• Questions followed Meta and Tesla earnings, making the broad tech decline the clearest pressure on QDTE, which tracks a Nasdaq-100 options strategy.
• Tensions around Iran and reports of tanker incidents in the Strait of Hormuz lifted oil prices, adding inflation and risk-aversion concerns.
• Price context shows a decline from $28.45 at the October 21 close.