🔴 IQE is trading 5% down today on profit-taking after recent AI data center rally

IQE is trading 5% down at £38.75 as the stock undergoes consolidation following a sharp 24% run-up driven by AI-related demand.

• The recent rally was fueled by a multi-year Indium Phosphide epiwafer supply agreement with Tower Semiconductor for AI data center connectivity.
• With no fresh company-specific news reported on July 10, 2026, the current decline appears to be a natural pullback as investors lock in profits after strong gains.