AIQ is trading 2% down today, extending a multi-day pullback in AI and semiconductor names following a sharp global chip rout and sector rotation away from high-growth tech.
- Traders remain cautious ahead of the 14:00 ET FOMC statement and key megacap tech earnings reports scheduled for this week.
- Higher oil prices and renewed Middle East tensions are fueling rate and risk-premium concerns, which typically pressure long-duration technology assets.
- The downward move reflects a broader market shift as investors rotate capital out of high-flying artificial intelligence and semiconductor stocks.