QQQI is trading 1.7% down today, tracking a broader decline in the Nasdaq-100 and information technology sectors led by semiconductor and AI-related names.
- Concerns over aggressive TSMC capital spending and stretched AI valuations are weighing on growth exposures alongside the potential for higher interest rates.
- Overnight risk-off sentiment is being compounded by U.S.–Iran tensions and weakness in Asian chip markets, amplifying the downside for Nasdaq-linked income strategies.