QTOP is trading 1.7% up as large-cap information technology sentiment stabilizes following a sharp Nasdaq sell-off tied to Alphabet’s AI capex shock and rising yields.
- The sector is currently digesting recent mega-cap earnings and macro stress while shifting focus back to long-term AI growth prospects.
- AI hardware optimism is providing a significant tailwind, highlighted by NVIDIA supplier Wistron opening a major U.S. superchip plant to support leading tech names within the index.