QQQ is trading 1.7% lower as a global technology selloff accelerates, fueled by investor concerns that AI-related valuations and infrastructure costs are becoming overextended.
- The downward pressure follows significant weakness in Asian and European markets, which has now spread to U.S. large-cap tech and semiconductor names.
- Major index components including Apple, Microsoft, and leading chipmakers are sliding, causing the Nasdaq-100 to underperform the broader market.