SCHG is trading at $34.31, down 2.97%, as doubts about returns on costly AI investments weighed on tech shares. - On October 30, Amazon’s results and spending outlook and Intel’s weaker guidance revived AI investment concerns. - Intel’s steep drop pressured chip stocks; Amazon’s cash burn and continued heavy capital spending added to sector concerns. - Alphabet’s previous-session decline extended pressure, while the Nasdaq fell more sharply than the broader market, pointing to tech-led weakness.