🔴 Nasdaq-100 ETF (QQQ) is trading 1.6% down in after-hours trading as Amazon's weak outlook stokes AI-spending concerns

QQQ is trading at $703.92 (-1.60%) as Amazon’s Q3 miss and below-consensus Q4 outlook, alongside AI spending concerns, pressured technology shares after hours.

• Amazon shares fell over 7% in after-hours trading.
• Intel’s weak Q4 guidance weighed on technology sentiment; Alphabet’s earnings-related selloff had already pressured the Nasdaq-100 during Thursday’s session.
• The broader tech pullback reflects scrutiny of AI investment costs and expected returns. No verified QQQ after-hours volume or activity data was provided.