🔴 SEMI.AX is trading 5.5% down today amid a global semiconductor and AI-linked tech selloff

SEMI.AX is trading at A$35.03 (-5.48%) as investors rotate away from AI-linked growth stocks amid a broader semiconductor and tech selloff.

• The decline follows a sharp downturn in the Nasdaq, driven by AI-capex concerns, rising yields, and a significant drop in Nvidia shares.
• As an ETF tracking global semiconductor equities, SEMI.AX is highly sensitive to weakness in major international chip names and shifting risk sentiment.
• Higher-rate worries continue to pressure growth-oriented sectors, accelerating the rotation out of high-valuation tech funds.