Defiance Quantum ETF is trading at $163.45 (-1.8%) as pre-market weakness tracks a broader information technology selloff and disappointing sentiment in the AI chip sector.
- Tech sentiment is pressured following Broadcom’s market reaction, with Nasdaq futures down 1.15% as the rotation out of AI hardware stocks extends into the open.
- Broader market caution is elevated ahead of the 08:30 Employment Situation report, which is expected to influence interest rate expectations and growth stock valuations.
- The move coincides with a general decline in risk appetite across asset classes, including weaker performance in the cryptocurrency market.
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