QTUM is trading higher at $147.66 (1.5% up) as the technology sector reacts to a combination of robust AI demand signals and potential supply disruptions.
- Nvidia’s blowout earnings report and massive buyback program have signaled continued strength in AI demand, boosting sentiment across the semiconductor complex.
- A record strike at Samsung is raising concerns over global AI chip supply, which may support pricing power and margins for other industry players.
- The ETF is extending its weekly rebound from a prior close of $145.44, showing resilience despite slightly weaker broad index futures.