🔴 Semiconductor ETF (USD) is trading 4.2% down in pre-market as Alphabet’s AI spending renews return concerns

USD is trading at $79.15 (-4.17%) as Alphabet’s weaker-than-expected results and heavy AI spending renewed concerns about returns.

• Alphabet shares fell about 10% after hours, while Nasdaq 100 futures dropped about 1.4%, reflecting tech-led weakness.
• Samsung shares fell despite record results, as chip profit missed estimates and shareholder-return plans disappointed investors. Microsoft’s stronger cloud results offered a counterpoint but did not offset broader technology-sector pressure.