🔴 Broadcom ETF (AVGY.TO) is trading 5.78% down today as semiconductor weakness weighs on tech stocks

AVGY.TO is trading at CA$17.45, down 5.78%, as semiconductor weakness weighs on tech stocks.

• The Philadelphia Semiconductor Index fell about 5%, while Broadcom declined approximately 3.2%–3.43% amid profit-taking and AI-valuation concerns following the August 18 selloff.
• Elevated Treasury yields, oil above $90, and renewed U.S.-Iran tensions are further weighing on growth-oriented technology assets.
• The move appears sector-driven rather than ETF-specific; Broadcom’s premarket weakness on August 19 extended the pressure as investors awaited FOMC minutes for clues on inflation and future rate policy.