🔴 Physical AI ETF (WPAI.L) is trading 3.2% down as AI spending doubts weigh on tech stocks

WPAI.L is trading at $19.21 (-3.15%) as questions about returns on heavy AI infrastructure spending weighed on technology and semiconductor shares.

• Meta’s increased commitments, Tesla’s capital-spending outlook and Lam Research’s cautious forecast fueled investor concerns.
• Rising Middle East tensions pushed oil higher, adding inflation and risk-off concerns.
• Reports of tanker damage in the Strait of Hormuz helped lift Brent crude toward $112.