IQQ is trading at $22.85 (-2.43%) as semiconductor shares weaken amid investor concerns over potential tighter oversight of AI and data-center construction.
- The Philadelphia semiconductor index fell more than 3% in premarket trading, with chipmakers extending declines.
- Weakness in major technology stocks and Nasdaq futures contrasts with firmer Dow futures, suggesting a sector rotation.
- IQQ’s 57.1% information-technology exposure makes the sector pullback a likely driver of its decline.