VanEck Semiconductor ETF is trading 2.1% down today following a sharp semiconductor and broader tech selloff tied to Broadcom’s earnings reaction and profit-taking in high-valuation AI chips.
- Nasdaq futures weakened overnight as investors rotated out of growth and AI names after Broadcom’s guidance disappointed elevated expectations.
- The downturn is dragging major holdings including Nvidia and Micron, weighing heavily on the broader information technology sector.