IUIT.L is trading at $47.69 (-3.32%), reflecting a sharp pullback in U.S. large-cap technology stocks tracking the S&P 500 Information Technology sector.
- The decline is primarily driven by a sector-wide selloff in semiconductor and AI-related stocks following TSMC’s massive capex increase.
- Growth valuations and risk appetite are under significant pressure from hawkish Fed signals on interest rates and heightened geopolitical tensions with Iran.