🔴 Tech ETF (SPRX) is trading 5.53% down as AI investment concerns pressure growth stocks

SPRX is trading at $38.80 (-5.53%) as concerns about the cost and expected returns of AI investment pressure growth-oriented technology shares.

• Mixed Tesla and Meta results reignited concerns about AI investment.
• Rising oil prices amid renewed Middle East tensions added to broad risk aversion; Nasdaq futures were down more than 1%.
• The decline aligns with the wider technology-led selloff, rather than an isolated SPRX-specific catalyst.