• QQQM is trading at $290.43 (-1.51%) as a global technology selloff pressures growth-oriented assets, with E-mini Nasdaq-100 futures down 1.32%.
  • Market sentiment is weighed down by concerns over stretched AI valuations and rising infrastructure costs, notably exacerbated by reports that OpenAI is considering delaying its public offering.
  • Investors are rotating away from growth names, further impacted by a negative tone in global technology markets.