WQTM is trading at $24.46 (-5.53%) as technology shares face pressure amid investor concerns that a Democratic-controlled Congress could tighten oversight of AI and data-center construction, slowing infrastructure investment.
- The Philadelphia Semiconductor Index fell 3.1% in premarket trading, while Qualcomm’s weaker outlook weighed on chipmakers.
- The Nasdaq’s relative weakness points to a tech-heavy selloff, not simply a broad-market decline.