WQTM is trading at $33.16 (-1.65%) as semiconductor shares face pressure from tightened export restrictions and broader technology-sector weakness.
- NVIDIA has reportedly reduced its approved list of Asian AI-chip customers by more than 50%, reinforcing export-rule worries across the semiconductor industry.
- The decline is compounded by elevated AI valuations and a recent risk-off rotation, which has kept the Nasdaq and chip names volatile.