🔴 SPCX.TO is trading 3.5% down today amid a sector-wide AI and semiconductor pullback

SPCX.TO is trading 3.5% down today, extending a multi-day decline as technology and AI-linked growth stocks come under broad pressure.

• The move is primarily driven by a sector-wide pullback in semiconductors and AI infrastructure following TSMC’s large capex expansion and rising concerns about the sustainability of the AI boom.
• Broader market sentiment remains cautious due to higher-rate fears and a weakening risk appetite for high-growth technology assets.