QQQI is trading 1.5% down today as the information technology sector sells off, led by weakness in semiconductor and AI-related shares following TSMC’s aggressive capex guidance.
- Broader concerns regarding the sustainability of AI infrastructure spending are weighing on the sector, prompting a rotation out of richly valued growth and tech stocks.
- Additional pressure stems from hawkish Fed commentary on AI-driven inflation and heightened geopolitical risks surrounding the U.S.-Iran conflict.