WQTM is trading 3.4% down today as a broader semiconductor pullback and renewed doubts about the durability of AI infrastructure spending pressure high-valuation growth names.

  • TSMC’s aggressive capex plans and hawkish Fed commentary regarding inflation and data-center buildouts have triggered a selloff in chip stocks.
  • Geopolitical escalation between the U.S. and Iran is adding further pressure to tech indices and sector ETFs.