🔴 SPCX.TO is trading 3.5% down today amid a global tech selloff and AI valuation concerns

SPCX.TO is trading 3.5% down today as a sustained global selloff in technology and semiconductor shares continues to weigh on AI-linked assets.

• The decline follows TSMC’s massive capex expansion and growing investor skepticism regarding current AI infrastructure valuations.
• Elevated geopolitical tensions are further pressuring the sector, even as broader U.S. indices show mixed to slightly higher performance.
• This move marks a continuation of a multi-day drawdown for the SpaceX CDR, which tracks high-growth tech and semiconductor exposure.