WGMI is trading at $51.32 (-2.00%) as chip-related weakness pressures the information technology sector, which makes up 76.7% of the fund's composition.
- The decline follows a broad semiconductor selloff tied to intensifying competition in China and investor doubts regarding AI profitability.
- A wider risk-off tone is impacting crypto and growth assets, with Bitcoin and Ethereum both trading lower.
- Markets continue to digest hawkish Federal Reserve messaging alongside softer macroeconomic growth data.