WQTM is trading 1.6% down as information technology and AI-linked hardware shares remain under pressure following a two-day sector slump.
- A continued rotation out of expensive AI and semiconductor names into industrials and value stocks is weighing on quantum computing holdings.
- Broad tech risk-off sentiment is driven by Nvidia-related chip weakness, concerns over heavy AI capital spending, and fresh competition from China ahead of key Fed and megacap earnings decisions.