IQE Sinks 15% After AI Rally Falters for Chip Stocks
IQE shares fell about 15% to 48.2p Tuesday, with nearly 40 million shares traded, as tech stocks slumped across Europe. The Cardiff-based semiconductor supplier issued no new trading updates. FTSE 100 and FTSE 250 both hit one-week lows after weak UK services data. IQE shares remain up over eightfold for the year following a major fundraising and strong AI demand outlook.