🔴 Growth ETF (SCHG) is trading 1.7% down in pre-market as AI-spending concerns deepen after tech earnings

SCHG is trading at $34.60, down 1.70%, as Amazon and Intel earnings intensified concerns about heavy AI investment and weaker outlooks.

• Amazon and Intel both fell sharply in pre-market trading.
• Nasdaq futures fell more than 2%; Alphabet’s prior-session results and cash-flow concerns added to existing sector strain.
• The broad-market picture was mixed, with Dow futures slightly higher, while the sharper Nasdaq decline pointed to tech-specific pressure.