🔴 Tech ETF (SPRX) is trading 3.52% down as Alphabet's results deepen AI-payoff concerns

SPRX is trading at $39.77 (-3.52%) as Alphabet’s disappointing revenue and negative free cash flow intensified concerns about whether heavy AI investment will pay off.

• Microsoft’s strong Azure results offered a counterpoint but did not prevent broader technology weakness.
• Semiconductor weakness and caution ahead of still-upcoming U.S. GDP and PCE releases added pressure; the Nasdaq’s larger decline than the S&P 500 and Dow pointed to tech-sector-specific strain.