XSD is trading 3.7% down today as investors extend a multi-day rotation out of expensive AI and semiconductor stocks into more defensive and value-oriented sectors.
- Rising AI infrastructure and memory costs, alongside recent price hikes from major hardware manufacturers, are weighing on the broader tech complex despite positive innovation headlines from IBM.
- The ETF is tracking a sector-wide pullback driven by profit-taking after Micron’s strong results, with the Nasdaq lagging as major indices move lower.