🔴 Memory Chips ETF (QBIT.SW) is trading 5.18% down on October 30, 2026, as AI-spending concerns mount

QBIT.SW is trading at CHF 16.80, with a -5.18% change, as chip-sector weakness followed a global selloff over doubts that major technology companies’ heavy AI infrastructure spending will pay off. - Alphabet’s results intensified those concerns, while Amazon and Intel added pressure after-hours. - Asian semiconductor shares fell sharply: South Korea’s KOSPI dropped 3.48%, SK hynix sank 7.08% and Samsung Electronics fell 3.02%. The move reverses some optimism from SK hynix’s record results earlier in the week.