IITU.L is trading 3.1% down today as U.S. technology and semiconductor stocks come under pressure amid a broader risk-off move in growth shares.

  • AI-chip names and Nasdaq futures are sliding following hawkish Fed commentary and massive new capex plans at major chipmakers.
  • Escalating U.S.–Iran tensions are further weighing on the sector as investors react to higher-rate fears and geopolitical instability.