GPIQ is trading 1.8% down today, reflecting continued pressure on the information technology sector following a sharp semiconductor and AI-led selloff.
- Global chipmakers fell overnight as investors reassess AI infrastructure valuations and react to TSMC’s aggressive capex plans.
- U.S. futures point lower amid broader concerns regarding tech valuations and interest rate outlooks.
- With approximately 57% of its holdings in information technology, the ETF is moving in line with broader sector and Nasdaq weakness rather than idiosyncratic fund-specific news.