🟢 SQQQ is trading 5.7% up today as tech shares and Nasdaq futures sell off on AI spending concerns

SQQQ is trading at $40.36 (+5.66%) in pre-market as the Nasdaq-100 faces broad pressure from a significant technology sector sell-off.

• The move follows disappointing earnings and spending outlooks from major tech players; Alphabet fell 12.6%, Intel dropped 23%, and Amazon slid 7% in after-hours trading.
• Renewed concerns regarding the ROI on AI spending are weighing on tech sentiment, driving Nasdaq futures lower and boosting the inverse-tracking SQQQ.
• As a triple-inverse ETF, the rise in SQQQ is a direct result of broad index weakness rather than a company-specific catalyst.