WQTM is trading lower alongside a broad selloff in information technology, with the sector proxy XLK down 2.7% in early trading.
- The move tracks weaker Nasdaq sentiment as growth and AI-linked names give back gains from the previous session.
- The decline appears to be sector-wide rather than tied to a specific company catalyst or individual holding.
- Broad market rotation and investor caution ahead of the upcoming Federal Reserve minutes are weighing on the tech sector.