🔴 QQQ is trading 1.5% down today as OpenAI growth miss and infrastructure spending warnings trigger tech selloff

QQQ is trading 1.5% down today at $654.03 as technology stocks sold off following reports that OpenAI missed internal revenue and user growth targets.

• CFO Sarah Friar's warnings about the sustainability of massive infrastructure spending sparked concerns across AI-linked companies, leading to sharp declines in Oracle and SoftBank.
• The Nasdaq Composite fell 1.43%, significantly outpacing the S&P 500's 0.76% decline and reflecting concentrated weakness in the technology sector, which comprises 51.3% of QQQ holdings.
• While growth stocks faced pressure, energy stocks within the index benefited from surging oil prices amid escalating tensions in Iran.