VGT is trading 1.7% down today as a global semiconductor selloff and mounting doubts over near-term AI profitability pressure the technology-heavy ETF.
- The decline is driven by steep losses in Asian chip stocks and renewed skepticism regarding the immediate financial returns on AI investments.
- Major holdings, including NVIDIA and other key semiconductor names, are acting as the primary drag on the fund's performance.
- The move reflects a broader rotation within the tech sector as investors lock in gains following a strong rebound earlier in the week.