TQQQ is trading at $68.63, down 5.48% in pre-market, as Nasdaq-100 futures retreat amid reassessment of megacap earnings and the AI spending outlook. - Nasdaq futures are down 1.75%. Tesla shares slid after cutting its 2026 capital-spending forecast, while Meta raised its AI investment outlook, reviving infrastructure-cost concerns. - Renewed Middle East tensions and rising oil added to risk aversion. The move reflects a broad tech-led futures selloff, not a TQQQ-specific catalyst.