QQQM is trading at $290.95 (-1.68%), reflecting a broad technology-led selloff rather than an isolated fund issue.
- Nasdaq futures fell sharply after AI leaders called for slower development, raising concerns about future chip demand; NVIDIA and other semiconductor stocks were among the biggest casualties.
- Rising Middle East tensions pushed Brent crude near $108, increasing inflation and interest-rate concerns ahead of the Federal Reserve meeting.
- Higher yields and geopolitical risk are particularly pressuring long-duration growth stocks.