🔴 Tech ETF (XSD) is trading 3.79% down as AI spending doubts weigh on tech

XSD is trading at $467.64, down 3.79%, as investors questioned whether heavy AI investment can deliver returns.

• Chip stocks weakened globally; Tesla’s lower 2026 capex forecast and scrutiny of Meta’s AI spending added to sector unease.
• Renewed Middle East tensions pushed oil higher, amplifying inflation worries and defensive trading.
• The broader market also fell, with the Nasdaq underperforming.