WQTM is trading 2.3% down today after OpenAI, Anthropic, and xAI leaders called for slower advanced-AI development, raising concerns about future AI infrastructure and semiconductor demand.
- Nvidia and other major technology stocks declined in premarket trading, while Nasdaq futures fell sharply.
- The Nasdaq Composite is down 0.78% and the S&P 500 is down 0.57%.
- Higher oil prices and renewed interest-rate concerns add headwinds ahead of the Federal Reserve meeting; the AI-related catalyst is the primary sector driver.