QQQM is trading 1.9% down today as hotter-than-expected inflation data and potential Samsung supply chain disruptions weigh on the tech-heavy ETF.
- April CPI rose 3.8% YoY, dampening Federal Reserve rate cut hopes while rising US-Iran tensions pushed oil prices above $107/bbl.
- A potential Samsung labor strike on May 21 threatens $20 billion in AI chip production, impacting the fund's 53% IT sector weighting.