🔴 QQQM is trading 2.17% down today as TSMC's capex outlook and hawkish Fed commentary weigh on tech

QQQM is trading at $283.71 (-2.17%) as investors reassess AI spending and semiconductor valuations following TSMC’s higher capex outlook.

• TSMC’s increased investment needs have signaled higher costs across the chip supply chain, putting pressure on large-cap growth assets.
• Hawkish Fed commentary continues to keep interest-rate expectations elevated, which typically hurts long-duration growth stocks.
• The move aligns with a broader Nasdaq selloff, with technology and semiconductor names leading the market decline.