QQQ is trading at $706.60 (-1.66%) as AI-development slowdown warnings from leading executives triggered heavy selling in technology and semiconductor stocks.
- NVIDIA, AMD, Intel, and other chipmakers led declines, weighing heavily on the Nasdaq-100’s technology concentration.
- Rising Brent crude near $108 and roughly 89%-90% odds of a Federal Reserve rate hike intensified inflation and valuation concerns.