VGT is trading 2% down today as a sharp selloff in the semiconductor and AI-chip sectors drags the broader technology complex lower during pre-market action.
- TSMC’s record profit and increased capex guidance have intensified market fears regarding a potential AI overbuild and stretched valuations across the sector.
- Rising interest rates and escalating geopolitical tensions with Iran are further weighing on Nasdaq futures, causing significant pressure on high-growth chipmakers.