QQQM is trading 1.5% down today as technology and growth stocks retreat from record highs amid renewed interest rate concerns and geopolitical headwinds.
- Investors are rotating out of richly valued tech names following yesterday's record index highs, driven by fears that higher-for-longer interest rates will persist.
- Fresh uncertainty regarding U.S.–China AI chip flows is weighing on the semiconductor sector, specifically reports of stalled Nvidia H200 deliveries despite previous regulatory approvals.
- Weakness in Nasdaq futures is further compounding pressure on the growth-heavy ETF during pre-market trading.