VGT is trading 2.3% down today as a sharp global selloff in semiconductor and AI-related stocks drags the broader technology sector lower.
- Markets are reacting negatively to TSMC’s record profit and aggressive U.S. expansion plans, which have intensified fears of an AI infrastructure overbuild and stretched chip valuations.
- Hawkish Fed commentary regarding AI-driven inflation and rising geopolitical tensions are further weakening risk appetite toward long-duration growth and tech names.