🔴 Tech ETF (QTUM) is trading 1.7% down in pre-market as Alphabet’s earnings revive AI-spending concerns

QTUM is trading at $141.40, down 1.72%, as Alphabet’s earnings disappointment revived concerns that heavy AI spending may not deliver returns quickly enough, weighing on technology shares.

• Alphabet fell roughly 10% after hours; Microsoft rose roughly 3% on stronger results, offering a partial offset.
• Nasdaq 100 futures fell 1.4% as the tech-led rally stalled.
• Q3 GDP and September PCE data, scheduled for 8:30 a.m., were still ahead at 4:10 a.m.