🔴 Fidelity MSCI Information Technology Index ETF is trading 2.1% down today as Broadcom earnings trigger a sector-wide tech pullback

Fidelity MSCI Information Technology Index ETF is trading 2.1% down today as investors rotate out of information technology and AI-exposed names after Broadcom’s closely watched earnings underwhelmed high expectations.

• Broadcom's results triggered a sector-wide pullback in semiconductors and growth tech, impacting the heavy concentration of AI-exposed holdings within the fund.
• Renewed U.S.–Iran tensions and a notably weaker Nasdaq Composite relative to the Dow are amplifying pressure on growth-oriented technology assets.