🔴 VanEck Semiconductor ETF is trading 3.5% down today after Broadcom's unchanged AI target sparks chip selloff

VanEck Semiconductor ETF is trading 3.5% down today as investors dump chip and AI names following Broadcom’s disappointing reaction to its fiscal Q2 report and unchanged $56 billion annual AI revenue target.

• The unchanged revenue target triggered broad profit-taking across the semiconductor sector and other AI beneficiaries.
• Market participants are rotating capital into industrial and value stocks as geopolitical tensions between the U.S. and Iran drive increased risk aversion.