SEMI.AS is trading at $19.71 (-3.38%) as semiconductor and tech stocks face renewed pressure following an AI-spending selloff.
- The decline follows a prior session selloff in the Nasdaq and semiconductor names, driven by concerns over AI capital expenditure.
- Market sentiment is further weighed down by higher-for-longer interest rate expectations and risk-off sentiment tied to tariffs and geopolitical tensions.
- The move appears to be a sector-wide de-risking event rather than a fund-specific catalyst.