QTOP is trading 2% down today after OpenAI and Anthropic leaders urged a slower pace of advanced-AI development, raising concerns about future AI infrastructure and chip demand.
- NVIDIA fell more than 2% premarket, while other major technology stocks also weakened.
- Weaker Nasdaq futures, rising oil prices, and elevated rate-hike concerns ahead of this week’s Federal Reserve meeting reinforced the move.
- QTOP’s 66.3% information-technology allocation makes it especially sensitive to the AI-led selloff.