WQTM is trading 1.8% down in pre-market following a sharp shift to risk-off sentiment in global technology shares.
- Tech sector pressure is driven by Alphabet’s earnings-related AI capex shock and a notable earnings miss from Tesla.
- Broader macro worries regarding new tariffs on 60 countries and heightened Middle East tensions are pushing oil prices above $100.
- Rising inflation fears and geopolitical instability are weighing heavily on high-growth information technology names.