🔴 Tech ETF (VGT) is trading 1.73% down as AI spending concerns weigh on tech

VGT is trading at $120.27 (-1.73%) as mixed megacap earnings renewed doubts that heavy AI investment will deliver timely returns.

• Meta’s higher spending outlook intensified concern, while Tesla cut its 2026 capital-spending forecast.
• Rising oil amid escalating Middle East tensions added to the risk-off mood, with technology shares leading broader market declines.
• The selloff reflects sector-wide pressure rather than a VGT-specific catalyst.