WGMI is trading at $31.44, with a change of -3.05%, as technology shares face pressure over doubts that escalating AI investment will deliver adequate returns.
- Meta’s higher spending outlook added to scrutiny, while weak Asian chip stocks and lower Nasdaq futures reinforced the sector’s pre-market weakness.
- Tesla also fell after cutting its 2026 capital-spending forecast.
- Renewed Middle East tensions and higher oil prices added to broader risk aversion, pressuring equities.