XSD is trading 3.5% down today as an early-session rebound in the information technology sector lost momentum due to lingering concerns over aggressive AI capital spending and a hawkish Federal Reserve outlook.
- Initial gains driven by falling Brent crude prices and a pause in U.S.–Iran hostilities failed to sustain a rotation into rate-sensitive semiconductor shares.
- Investors are reassessing macro risks, including potential tariffs and earnings sustainability, following a reversal in Nasdaq futures.
- The semiconductor-heavy ETF is tracking broader sector volatility as risk appetite remains tempered despite easing inflation fears.