WGMI is trading 2.4% down today as ongoing information technology sector weakness and concerns over lofty AI valuations pressure growth and tech stocks.
- Global chipmakers fell after TSMC’s record earnings and massive U.S. investment plan sparked valuation and capex worries.
- Hawkish Federal Reserve rhetoric and escalating U.S.–Iran tensions have deepened risk-off sentiment, weighing on tech-linked digital assets.