iShares Expanded Tech-Software Sector ETF is trading 2.3% down today as the information technology space extends a multi-day pullback driven by profit-taking in expensive growth names and renewed pressure on semiconductors.
- Broadcom’s post-earnings plunge and a weaker Nasdaq are weighing heavily on software and AI-related sentiment.
- The ETF is sliding alongside the wider tech complex despite relatively resilient performance in value and cyclical sectors.