QWTM.L is trading 5.2% down today as investors sell off high-valuation AI and semiconductor stocks following a cautious outlook from Taiwan Semiconductor Manufacturing Company (TSMC).
- TSMC signaled massive long-term capital expenditure needs and issued a warning regarding AI infrastructure profitability, triggering a sharp decline across the sector.
- The sell-off has intensified a global rotation out of rate-sensitive technology names into defensive sectors, pushing the broader semiconductor complex into bear market territory.
- Specialized themes like quantum computing are being dragged lower as market sentiment shifts away from high-growth tech valuations amid the deepening AI-chip rout.