🔴 TQQQ is trading 4.8% down today on a semiconductor sell-off and rising geopolitical tensions

TQQQ is trading 4.8% down today as technology and growth stocks retreat following a broad sell-off in the semiconductor and AI sectors.

• Concerns regarding Taiwan Semiconductor’s aggressive AI-related capital spending and pressure on chipmaker margins are weighing on the Nasdaq-100.
• Rising geopolitical tensions between the U.S. and Iran have further dampened investor sentiment.
• As a 3x leveraged instrument, TQQQ is amplifying the downward pressure currently seen across the tech-heavy index.