🔴 QYLD ETF (QYLD) is trading 1.61% down as AI spending concerns pressure technology shares

QYLD is trading at $18.09, down 1.61%, as technology weakness weighed on the fund.

• Investors questioned returns on heavy AI infrastructure spending after Meta raised its 2026 spending outlook, Tesla cut its capital-expenditure forecast, and Lam Research’s outlook disappointed.
• Reports of tanker incidents near the Strait of Hormuz pushed oil higher, while the Nasdaq fell. Information technology makes up 61.3% of QYLD’s allocation.