WQTM is trading at $27.95, down -2.78%, as Alphabet’s revenue miss and negative free cash flow raised doubts about returns on heavy AI investment.
- Microsoft’s strong Azure growth offered only partial support.
- Higher-than-expected GDP price pressures and persistent PCE inflation reinforced rate concerns.
- Semiconductor stocks weakened, while the broader Nasdaq’s decline pointed to tech-led market pressure, not an isolated ETF move.