QWTM.L is trading 5.3% down today as investors rotate out of high-valuation, rate-sensitive technology and semiconductor names following a cautious outlook from industry leaders.
- Sentiment deteriorated after TSMC raised capital expenditure sharply and warned on long-term AI infrastructure sustainability, triggering a global semiconductor selloff.
- The fund, which tracks quantum and advanced computing leaders, is being pressured alongside the broader AI and chip complex.
- Speculative innovation themes like quantum computing are facing headwinds as market participants move away from high-multiple growth stocks.