QWTM.L is trading at £2578.50 (-3.02%) amid a broad technology and semiconductor selloff that has placed high-growth assets under significant pressure.
- The Nasdaq dropped 1.15% as concerns regarding the sustainability of AI spending and rising competition weigh on major chip stocks.
- Negative sentiment surrounding NVIDIA and its peers is spilling over into the quantum computing sector due to its tight correlation with the wider tech complex.
- Investors are currently rotating capital away from growth-oriented ETFs and into cyclical sectors and blue-chip equities.