🔴 Growth ETF (SPYG) is trading 1.69% down as megacap results revive doubts about AI returns

SPYG is trading at $120.19 (-1.69%) as tech-led risk-off pressure followed megacap results that revived doubts about AI investment returns.

• Tesla cut its 2026 capex forecast, while Meta’s higher AI spending added to investor scrutiny.
• Semiconductor shares weakened amid renewed AI concerns, with Lam Research among the sector’s pressure points.
• Rising oil prices tied to Middle East tensions further dampened risk appetite; Nasdaq futures were down 1.6% and S&P 500 futures were down 0.9%.