XSD is trading at $463.62 (-6.16%) as semiconductor shares face pressure from a reassessment of AI infrastructure spending and potential margin compression across major chipmakers.
- Broader weakness in the Nasdaq and technology names is reinforcing the selloff as risk appetite fades and the sector rotates lower.
- The pullback is further driven by trade and policy uncertainty, as well as caution ahead of the Federal Reserve meeting and key macroeconomic data.