QYLD is trading 1.7% down today as the information technology sector, which makes up over half of its holdings, faces a broad selloff amid reassessments of AI valuations.
- Investors are reacting to TSMC’s massive AI-related capex plans and rotating out of tech into defensive sectors.
- Growth and AI-linked stocks are under further pressure from hawkish Fed commentary and heightened U.S.–Iran geopolitical tensions.