WQTM is trading 1.8% down today as the technology sector faces a dual headwind of earnings-driven valuation concerns and trade policy uncertainty.
- Alphabet’s July 22 earnings triggered a broad AI-capex selloff, dragging the Nasdaq lower and pressuring high-growth tech stocks.
- New Trump tariffs on nearly all U.S. imports are stoking concerns about rising costs and disruptions within global tech supply chains.
- This combination of trade uncertainty and earnings volatility is weighing heavily on information technology ETFs like WQTM.