🔴 Quantum Computing ETF (QNTM.SW) is trading 3.3% down today as rising Treasury yields pressure speculative tech

QNTM.SW is trading at CHF 23.91, down 3.30%, as rising long-term Treasury yields triggered a broad rotation away from speculative technology and quantum-computing shares.

• Quantum stocks including IONQ, QBTS, and RGTI fell sharply as higher discount rates pressured long-duration valuations.
• The selloff was reinforced by semiconductor weakness, elevated oil prices, and renewed U.S.-Iran uncertainty.
• The 30-year Treasury yield reached approximately 5.32%–5.33%, while the semiconductor sector dropped more than 5%, weighing on the ETF’s technology-heavy holdings.