QBIT.SW is trading 8.2% down today as investors dump semiconductor and AI-exposed names amid a global chip selloff.
- Weakness in major chipmakers like Micron and Nvidia, coupled with concerns about heavy AI infrastructure spending, is pressuring the memory-chip and broader tech complex.
- Rising competition from China and market anxiety ahead of the upcoming Federal Reserve meeting are contributing to the downward trend.
- The ETF is sliding in line with sector peers as the broader semiconductor industry faces a sharp correction.