XLK is trading at $185.30, down -1.90%, as investors questioned AI returns amid high infrastructure costs. - Tesla cut its 2026 capital-spending forecast to $20 billion, reviving doubts about its AI and robotics plans. - Meta raised its 2026 capital-spending outlook to $135 billion–$145 billion, intensifying scrutiny of AI investment costs. - Renewed Middle East tensions lifted oil prices and reinforced a broader risk-off mood.