SPCX.TO is trading 3% down today as technology and AI-linked growth stocks face a broader pullback following TSMC's latest capex forecast.
- Semiconductor and AI infrastructure names are under pressure as TSMC's increased spending plans raise concerns regarding the long-term durability of the AI boom.
- Rising geopolitical tensions between the U.S. and Iran are lifting oil prices, reinforcing inflation and interest rate worries that pressure high-beta, growth-oriented exposures like this SpaceX-focused product.