Signs of cracks in AI trade and rising QQQ implied volatility
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- 1Neo-cloud stocks were hit by concerns over OpenAI's revenue growth.
- 2The QQQ implied volatility index (IVx) closed at 20.7% on Monday.
- 3While recording 5% of the QQQ's gains since the start of September, the chip sector saw selling pressure on Tuesday.
So what's the key point?
Related stocks struggled due to concerns regarding OpenAI's revenue growth. Market uncertainty increased as the QQQ volatility index closed at 20.7%.
Source CNBC · View original ↗
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