🔴 Tech ETF (QTUM) is trading 2.04% down in pre-market as weak chip outlooks revive demand concerns

QTUM is trading at $127.88, with a -2.04% change in pre-market amid semiconductor selling.

• Disappointing Qualcomm and Arm outlooks revived concerns over chip demand and AI-investment returns; the Philadelphia Semiconductor Index fell 3.1% overnight.
• Election-driven concerns about tighter AI and data-center oversight are adding pressure to chip and infrastructure stocks.
• Nasdaq futures are down while Dow futures are higher, pointing to a tech-led move rather than a broad-market decline; no major U.S. economic release is scheduled.