🔴 IBM.TO ETF (IBM.TO) is trading 3.08% down as investors rethink AI infrastructure spending

IBM.TO is trading at CA$36.17, down -3.08% as investors reconsider AI infrastructure spending and data-center development hurdles after the Democratic midterm sweep.

• Semiconductor weakness, including Qualcomm’s disappointing outlook, added pressure to the sector.
• Technology-heavy indexes also fell in a wider risk-off move.
• IBM.TO is below its November 4 close of CA$37.32.