QTOP is trading 1.5% lower in pre-market as information technology stocks lead a broader risk-off tone across the market.
- Nasdaq futures are underperforming, pressuring growth and AI-linked names that dominate the fund's portfolio.
- Sentiment is weighed down by reports that Nvidia’s H200 sales to China are stalled by Beijing approvals, renewing U.S.–China trade tensions.
- The delay in chip approvals is dampening AI enthusiasm and impacting the tech-heavy, growth-oriented sector.