QTUM is trading 1.7% up in pre-market as quantum computing stocks surge following acquisition news and sector momentum.
- Quantum computing peers like IonQ, D-Wave, and Rigetti are gaining 4-11%, lifting the fund which maintains a 53.9% concentration in information technology.
- Broader tech strength from Intel's recent rally and NVIDIA's milestones supports the move, with Nasdaq futures trading slightly higher (+0.13%).
- Recent AI infrastructure pivots at Meta and Oracle provide additional tailwinds for the fund's heavy IT focus despite broader sector job cuts.