VGT is trading at $121.70, down -1.53%, as Alphabet’s earnings miss, weaker advertising results and AI-related cash-spending concerns weighed on technology shares.
- Alphabet’s stock fell nearly 11% in premarket trading.
- A sharp ServiceNow selloff, as results and forward contract-growth signals reignited concerns about software-sector growth and AI disruption, added pressure.
- Broader caution, including resilient growth and persistent inflation concerns, added to pressure on risk-sensitive tech shares.