QQQI is trading 1.6% down today as its tech-heavy portfolio tracks a broad information technology and semiconductor pullback.
- Sector sentiment is being hit by renewed worries over AI spending discipline, fresh U.S. tariff pressures, and caution ahead of the Federal Reserve’s two-day meeting.
- Global risk appetite toward megacap tech and chips is cooling, with investors rotating into cyclicals as oil prices drop and geopolitical tensions around the Strait of Hormuz evolve.