🔴 Tech ETF (VGT) is trading 4.8% down on October 30 as Intel and Amazon fuel AI-spending concerns

VGT is trading at $117.05, down 4.83% after hours as Intel’s weaker outlook and Amazon’s results heightened concerns about AI investment costs and uncertain returns.

• Intel’s guidance and production challenges, alongside Amazon’s heavy spending and cash-flow concerns, weighed on the broader technology sector.
• Alphabet’s earlier selloff added pressure.
• The Nasdaq fell 2.84%; October 31 is a Saturday, so this reflects October 30 trading.