🔴 IQE is trading 10.8% down as rate concerns hit semiconductor stocks

IQE is trading 10.77% down, after closing at £39.35 on October 15 amid a broad semiconductor sell-off.

• Investors worried higher borrowing costs could curb AI investment and questioned returns on heavy AI-infrastructure spending.
• Reuters reported hotter U.S. inflation and rate-hike expectations fueled further selling in technology and chip stocks.
• October 15 first-half results showed 43% year-on-year revenue growth and confidence in full-year guidance; available evidence does not indicate a negative company-specific announcement drove the decline.