iShares MSCI Global Semiconductors UCITS ETF USD Acc is trading 2.8% down today as investors rotate out of high-valuation AI chip names following Broadcom’s post-earnings selloff and cautious AI revenue posture.
- The sector decline is being compounded by a broader risk-off move after a stronger-than-expected U.S. jobs report reduced the odds of near-term Fed rate cuts, weighing heavily on growth and technology shares.
- The ETF is currently moving in line with a global semiconductor pullback and Nasdaq weakness, rather than fund-specific news.