iShares Semiconductor ETF is trading 1.9% lower in after-hours as investors de-risk from high-beta semiconductor and AI names following a sharp selloff in the broader technology sector.
- A hotter-than-expected May CPI print, rising oil prices, and renewed Middle East tensions are pressuring growth valuations and driving profit-taking across the information technology space.
- Concerns over the sustainability of massive AI infrastructure spending, highlighted by Oracle’s recent results, are weighing heavily on semiconductor sentiment.
- The decline reflects a broader shift away from high-growth assets as macroeconomic headwinds and geopolitical uncertainty intensify.