TQQQ is trading at $69.41 (-5.03%) as Nasdaq-100 weakness reflects renewed doubts that costly AI investments will deliver adequate returns following mixed Tesla and Meta results.
- Tesla cut its 2026 capital-spending forecast, while Meta’s funding plans renewed scrutiny of AI infrastructure costs.
- Rising oil prices amid Middle East tensions added inflation concerns and weighed on risk appetite.
- The decline aligns with broad technology and growth-stock pressure, rather than a TQQQ-specific catalyst.