🔴 Tech ETF (WQTM) is trading 1.63% down as chip weakness pressures tech shares

WQTM is trading $29.32, down -1.63%, as persistent chip-stock weakness weighs on technology shares.

• Investors worry about Chinese memory-chip competition and the profitability of heavy AI investment; these pressures drove recent semiconductor-stock losses, including Micron and Applied Materials.
• Investors await September U.S. CPI data for clues on inflation and Fed policy.
• The broader market is only modestly lower, making semiconductor and AI-investment concerns more relevant than a market-wide decline.