WQTM is trading 2% down today as software weakness and Nvidia earnings caution pressure technology shares.
- Nvidia’s August 26, 2026 earnings report is a key test for AI spending and chip-sector sentiment.
- Investors are assessing July PCE inflation; hotter core inflation keeps Federal Reserve rate-cut expectations restrained. Intuit dropped nearly 12% after disappointing fiscal-2027 guidance, while Zoom fell more than 6% premarket.
- The broader market is modestly lower, indicating a sector-focused decline rather than a broad risk-off selloff.