THNQ is trading 3.2% down today at $82.10 as investors continue to rotate out of richly valued AI and semiconductor names following recent sector weakness and geopolitical tensions.
- The decline follows a prior 2.9% drop on July 16, 2026, triggered by concerns over AI hardware export controls and a broader risk-off sentiment in the technology sector.
- The ETF has fallen sharply over the past week as market participants reassess valuations amid heightened geopolitical uncertainty.