🔴 IQE is trading 14.9% down today on profit-taking and a semiconductor sector sell-off

IQE is trading 14.9% down at £40.35 following a sharp pullback in semiconductor stocks and profit-taking after a strong recent AI-driven rally.

• The move follows broader sector weakness where the wider chips sector dropped approximately 9% due to concerns over AI capital expenditure and competition in China.
• Market sentiment remains cautious ahead of earnings, mirroring price action from July 28 when IQE fell 10% to £42.65.