🔴 XP is trading 4.82% down as AI-spending concerns pressured broader markets

XP is trading 4.82% lower at $14.29 after hours amid broader market weakness and lingering Brazil-related pressure. - The Nasdaq fell 2.84% and the S&P 500 fell 1.74% as AI-spending concerns weighed on markets. - Reporting also points to Brazil outlook concerns, including Morgan Stanley’s October 29 downgrade. - Positive financial-sector context does not explain XP’s decline; available evidence does not establish a new XP-specific catalyst for October 30.