XSD is trading at $583.95 (-2.28%) as information technology comes under pressure following a sharp drop in Nasdaq futures and a continued rotation out of growth stocks.
- Sentiment is being weighed down by overnight weakness in Asian chip names and growing risk-off sentiment regarding AI and semiconductor valuations.
- The move follows a late-session reversal where Micron’s strong earnings failed to sustain a sector rally, suggesting profit-taking and investor caution ahead of upcoming macro data.