WGMI is trading 2.8% down today as investors pivot away from high-growth technology and crypto-linked assets amid rising geopolitical risks.
- Information technology stocks stumbled as investors reassessed elevated AI-related valuations following sharp losses in semiconductor names and South Korean chipmaker SK Hynix.
- Escalating U.S.–Iran tensions around the Strait of Hormuz have further pressured risk assets, prompting a broad shift away from tech and digital assets.