NODE is trading 5.9% down today as its information technology-heavy portfolio faces pressure from a global rotation out of richly valued AI and semiconductor stocks.
- Sector sentiment is being hit by concerns over aggressive chip capital spending and the potential for tighter U.S. export-control enforcement on advanced semiconductors.
- Geopolitical tensions involving Iran and weak Nasdaq futures are further amplifying downside for the fund's digital-asset and chip-related holdings.