🔴 NVHE.TO is trading 3.1% down today as NVIDIA weakness and AI spending concerns trigger a tech selloff

NVHE.TO is trading at CA$12.43 (-3.07%) as a broader semiconductor selloff and concerns over AI investment returns weigh on growth-focused ETFs.

• The decline follows TSMC lifting capex guidance, which has led investors to question the timeline for returns on massive AI infrastructure spending.
• Significant weakness in NVIDIA is pressuring the fund due to its concentrated exposure to AI-related growth stocks.
• Broader risk-off sentiment is also impacting high-income covered-call products as volatility increases across the technology sector.