VUG is trading at $86.10 (-1.81%) as AI spending concerns weigh on growth-heavy technology shares.
- Amazon and Intel fell sharply after hours as earnings renewed doubts that heavy AI infrastructure spending may not pay off soon.
- Alphabet’s prior-session earnings-driven plunge added pressure.
- The selloff spread across Asia, with the Kospi and Nikkei lower and Nasdaq 100 futures down about 2.2%. It appears sector-led rather than a reaction to scheduled U.S. data; releases are listed later this morning.