🔴 QQQ is trading 1.7% down today on semiconductor and AI stock weakness

QQQ is trading 1.7% down today following a broad tech-led risk-off move driven by semiconductor and AI stock weakness.

• Negative sentiment surrounding TSMC’s heavy capex plans and hawkish Fed commentary is pressuring high-valuation tech and chip names.
• Escalating U.S.-Iran tensions and persistent fears of higher interest rates are weighing heavily on Nasdaq-100 futures.
• The decline reflects a significant sector rotation out of growth stocks as investors reassess high-valuation AI leaders.