EXCLUSIVE: The Real Reason EV And AI ETFs Are Whipsawing Has Nothing To Do With Tariffs

Benzinga_recent_news01-23

Renewed trade tensions and a fragile geopolitical backdrop are once again testing investor conviction in EV and AI-linked equities. Fresh tariff uncertainty tied to U.S. policy toward Europe has ...

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Fresh tariff uncertainty tied to U.S. policy toward Europe has ...</p>\n\n<a href=\"https://www.benzinga.com/etfs/specialty-etfs/26/01/50081068/exclusive-the-real-reason-ev-and-ai-etfs-are-whipsawing-has-nothing-to-do-with-tariffs\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EXCLUSIVE: The Real Reason EV And AI ETFs Are Whipsawing Has Nothing To Do With Tariffs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEXCLUSIVE: The Real Reason EV And AI ETFs Are Whipsawing Has Nothing To Do With Tariffs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-23 03:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/etfs/specialty-etfs/26/01/50081068/exclusive-the-real-reason-ev-and-ai-etfs-are-whipsawing-has-nothing-to-do-with-tariffs><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Renewed trade tensions and a fragile geopolitical backdrop are once again testing investor conviction in EV and AI-linked equities. Fresh tariff uncertainty tied to U.S. policy toward Europe has ...</p>\n\n<a href=\"https://www.benzinga.com/etfs/specialty-etfs/26/01/50081068/exclusive-the-real-reason-ev-and-ai-etfs-are-whipsawing-has-nothing-to-do-with-tariffs\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QQQJ","symbol_name":"Invesco NASDAQ Next Gen 100 ETF","start_time":0,"source_url":"https://www.benzinga.com/etfs/specialty-etfs/26/01/50081068/exclusive-the-real-reason-ev-and-ai-etfs-are-whipsawing-has-nothing-to-do-with-tariffs","article_id":"2605141424","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/01/22/ETFs.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/etfs/specialty-etfs/26/01/50081068/exclusive-the-real-reason-ev-and-ai-etfs-are-whipsawing-has-nothing-to-do-with-tariffs","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2605141424","pubTimestamp":1769111880,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Tradr's Matt Markiewicz why EV and AI ETFs that are whipsawing has less to do with tariffs and more with cycle risk and sentiment.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"QQQJ":"Invesco NASDAQ Next Gen 100 ETF","TSYW.SI":"TESLA 3xLongSG261006","BK4587":"ChatGPT概念","BK4077":"互动媒体与服务","BK4097":"系统软件","BK4099":"汽车制造商","LU0823431563.USD":"BNP PARIBAS RUSSIA EQUITY \"C\" (USD) ACC","BK4596":"哈里斯概念","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","AIQ":"Global X Artificial Intelligence & Technology ETF","LU0823431647.USD":"BNP PARIBAS RUSSIA EQUITY \"CLASSIC\" (USD) INC","BK4600":"加密货币概念","BK4588":"碎股","USAW.SI":"AMZN 3xLongSG261006","TQQQ":"纳指三倍做多ETF","LU0950373646.USD":"BNP PARIBAS RUSSIA EQUITY \"C\" (USD) INC","BK4528":"SaaS概念","BK4608":"AI应用概念股","BK4595":"比特币概念","BK4551":"寇图资本持仓","QYLD":"纳斯达克100 Covered Call ETF-Global X","QID":"两倍做空纳斯达克指数ETF-ProShares","NBIS":"NEBIUS","BK4516":"特朗普概念","LU0531971165.HKD":"HSBC GIF RUSSIA EQUITY \"AD\" (HKD) INC","GPIQ":"GOLDMAN SACHS NASDAQ 100 CORE PREMIUM INCOME ETF","BK4023":"应用软件","QLD":"2倍做多纳斯达克100指数ETF-ProShares","QQQE":"Direxion NASDAQ-100 Equal Weighted Index Shares","LU0329931173.USD":"HSBC GIF RUSSIA EQUITY \"AD\" (USD) INC","PSQ":"做空纳斯达克100指数ETF-ProShares","BK4543":"AI","QYLG":"Nasdaq 100 Covered Call & Growth ETF","LU0329931090.USD":"HSBC GIF RUSSIA EQUITY \"AC\" ACC","QQQY":"Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF","BK4116":"互联网服务与基础架构","JEPQ":"JPMorgan Nasdaq Equity Premium Income ETF","BK4609":"英伟达持仓股","BK4585":"ETF&股票定投概念","NVIW.SI":"NVDA 3xLongSG261006","USJW.SI":"ALPHAB 3xLongSG261006","LCID":"Lucid Group Inc","BK4555":"新能源车","DRIV":"Global X Autonomous & Electric Vehicles ETF"},"translate_title":"独家：电动汽车和人工智能ETF拉锯的真正原因与关税无关","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QQQE":0.6,"QQQJ":0.6,"DRIV":1.9,"NVIW.SI":0.6,"QQQY":0.6,"QYLG":0.6,"TSYW.SI":0.6,"PSQ":0.6,"GPIQ":0.6,"AIQ":1.9,"QYLD":0.6,"USAW.SI":0.6,"JEPQ":0.6,"USJW.SI":0.6,"SQQQ":0.6,".IXIC":0.64,"MNQmain":0.6,"QLD":0.6,"NBIS":1.86,"QID":0.6,"NQmain":0.6,"TQQQ":0.6,"LCID":1.88},"content_text":"Renewed trade tensions and a fragile geopolitical backdrop are once again testing investor conviction in EV and AI-linked equities. Fresh tariff uncertainty tied to U.S. policy toward Europe has injected new volatility into markets, particularly for ETFs holding high-growth stocks that are already sensitive to macro shocks.\nEV and AI names have swung sharply in recent sessions. After dipping sharply on Tuesday due to tariff jitters, Lucid Group Inc (NASDAQ:LCID) surged more than 18% on Wednesday, while AI-linked stock Nebius Group NV (NASDAQ:NBIS) is down around 9% this week after sharp price swings. Applied Digital Corp (NASDAQ:APLD), and IREN Ltd (NASDAQ:IREN) also dipped sharply on Tuesday, then pared some of the losses on Wednesday before dipping again on Thursday. Traders remain cautious as policy signals continue to shift and geopolitical risks linger.\nSwings in AI and EV stocks reflected in AI and EV-themed ETFs as well, this week. The Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ), Roundhill Generative AI & Technology ETF (NYSE:CHAT), iShares Self-Driving EV and Tech ETF (NYSE:IDRV), and Global X Autonomous & Electric Vehicles ETF (NASDAQ:DRIV) were on the parallel roller coaster, dipping and surging sharply.\nAccording to Matt Markiewicz, head of Product & Capital Markets at Tradr ETFs, uncertainty itself has become a dominant market force.\n\"The macro picture is so cloudy,\" Markiewicz told Benzinga. \"There is no way to really try to synchronize positioning with what is going on out there.\"\nHe noted that tariff headlines and geopolitical developments tend to produce rapid price dislocations, often overwhelming traditional fundamentals in the short term.\nMarkiewicz said the current turbulence didn't emerge overnight. Signs of two-sided positioning began to appear as AI infrastructure stocks surged to record highs last year.\n\"If you look back to last October when AI infrastructure stocks were trading at all-time highs, you naturally saw short interest in these names begin to climb,\" he said, suggesting that investor conviction had already begun to fragment.\nThat divergence has since widened, with traders increasingly split between long-term believers and short-term skeptics.\nWhile debates around the sustainability of AI spending and EV adoption continue, Markiewicz framed recent market action as more sentiment- and technically driven than fundamentally anchored.\n\"It's more of a technical and sentiment mix,\" he said, adding that concerns about the circular nature of the AI buildout have contributed to choppier trading patterns.\nAs a result, even positive news can struggle to produce sustained rallies in an environment dominated by macro uncertainty.\nTariffs are acting as the trigger, not the root cause behind the volatility, thinks Markiewicz, exposing where EV and AI stocks sit in their cycles, turning already-fragile sentiment into sharp, tradable volatility.\nMany AI infrastructure and EV names are no longer early-cycle players and are in a phase where expectations are high and tolerance for macro risk is low. That's why tariff headlines cause outsized moves now versus a year ago.\nWith debatable fundamentals and uneven earnings, prices are being driven by positioning, momentum, and exhaustion signals. This environment is driving geopolitical news to create whipsaws.\nRather than focusing on individual tariff announcements, Markiewicz said investors are increasingly asking broader questions about market cycles.\n\"It's all about where we are in the cycle,\" he said. \"Where are we in the AI cycle? Or the EV cycle?\"\nThose questions, he noted, are shaping how traders position around earnings, macro data, and policy developments.\nWith tariffs, geopolitics, and policy uncertainty driving sudden reversals, volatility is now the operating environment. For ETF investors navigating EV and AI exposures, staying nimble and risk-aware has become essential.\nIn this market, the challenge isn't predicting the next headline, it's managing what happens when the market reacts to it.\nPhoto: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2605141424","isCrawlerRequest":true}