QQQI is trading at $51.54, down 3.77%, as concerns over AI infrastructure spending pressured tech stocks.
- Intel’s weaker outlook and cash-burn warning, along with Amazon’s heavy investment plans and cash outflow, intensified the pressure.
- Alphabet’s record decline in the previous session added to concerns. The S&P 500 information technology index fell 3.9%, with technology the biggest drag on the broader market.
- The move was primarily sector/index-driven, not a broad-market-only decline. No trading-volume figure was provided.