QTUM is trading 3.1% down today as investors reassess stretched AI and semiconductor valuations following TSMC’s massive capex boost and record profits.
- Hawkish Federal Reserve commentary and rising rate expectations are driving a broader risk-off rotation out of growth and chip stocks.
- Escalating U.S.–Iran tensions are further weighing on technology-focused assets, contributing to the sector-wide sell-off.
- The decline comes despite strong earnings, as market participants pivot away from high-valuation information technology holdings.