AIQ is trading 3% down today as semiconductor and AI stocks extend a downturn driven by renewed concerns over chip export controls and hawkish Federal Reserve signals regarding inflation.
- High-valuation tech names are under pressure from aggressive TSMC capex plans and a broader risk-off sentiment fueled by rising U.S.-Iran tensions and higher oil prices.
- Global technology weakness, particularly in South Korea, is further weighing on the sector, dragging the fund lower in line with the broader information technology sell-off.