Global X Artificial Intelligence & Technology ETF is trading 2.9% down today as investors rotate out of expensive technology and AI-chip names following Broadcom’s disappointing reaction and broader semiconductor weakness.
- The Nasdaq Composite remains under pressure while cyclicals and industrials outperform, signaling a broader market shift away from high-growth sectors.
- Lower yields and softer oil prices are encouraging a rotation out of richly valued growth stocks and AI beneficiaries, dragging the information technology sector lower.