XSD is trading 1.8% lower today, giving back part of the strong semiconductor and broader tech rally seen on July 9, 2026.
- The move appears to be a normal pullback following sharp gains driven by Micron’s massive AI-focused investment plan and Meta’s AI chip news.
- There is no major economic data or new Federal Reserve decisions scheduled for today to drive further momentum.
- The consolidation follows a significant boost to the Nasdaq and PHLX Semiconductor Index in the previous session.