WQTM is trading at $33.30, down 1.65% at 9:45 a.m. EST on August 6, 2026, as investors question whether aggressive AI-infrastructure spending can justify elevated valuations.
- Western Digital and SanDisk fell sharply despite strong forecasts; AMD weakened.
- Nasdaq futures fell 0.52% versus modest Dow and S&P 500 gains, confirming a technology-focused rotation.
- Nvidia gains after SpaceX chip announcement offset weakness; semiconductor weakness and previous AI-capex selloff dominated; Middle East peace optimism favored defensive and cyclical sectors.