🔴 Tech ETF (SOXQ) is trading 3.4% down in pre-market as doubts mount over AI spending returns

SOXQ is trading at $87.48, down 3.37% in pre-market as doubts over returns from heavy AI infrastructure spending weigh on technology shares.

• U.S. futures were sharply lower; Asian chip shares also fell.
• Tesla’s reduced capital-spending forecast, Meta’s higher AI investment outlook and Lam Research’s weaker forecast added to mixed earnings signals. Middle East tensions, rising oil prices and Korean chipmaker losses added to risk aversion and semiconductor pressure.