Defiance Quantum ETF is trading 2.2% down today as the information technology and AI hardware space comes under pressure following Broadcom’s disappointing market reaction to its fiscal Q2 results, which triggered profit-taking in AI chip leaders.

  • Geopolitical tensions between the U.S. and Iran are further dampening risk appetite for high-beta technology names.
  • Capital is rotating toward value and industrials, weighing on the fund’s quantum and AI-heavy holdings.