🔴 Growth ETF (SPYG) is trading 1.85% down as investors question returns on AI spending

SPYG is trading at $119.78 (-1.85%) as investors question whether heavy AI infrastructure spending will generate returns soon enough.

• Mixed megacap results added to concern: Tesla cut its 2026 capital-spending forecast, while Meta’s higher AI spending drew scrutiny.
• Lam Research’s cautious outlook pressured chip-equipment peers.
• Rising oil prices amid Middle East supply concerns added inflation and risk-off pressure across markets, with technology and Nasdaq shares among the hardest hit.