IQE Sinks 15% After AI Rally Falters for Chip Stocks
IQE shares dropped around 15% to 48.2 pence on Tuesday afternoon, with almost 40 million shares traded. The AIM 100 index slipped about 2%. IQE's market cap was about £636 million. Share prices lagged by at least 15 minutes. There was no new trading statement from the Cardiff-based semiconductor materials supplier. Shares fell while tech and other risk-heavy stocks pulled back, as investors lifted their outlook for U.S. and UK rates.