VanEck Semiconductor ETF is trading 4.4% down today as investors react to Broadcom’s underwhelming revenue print and guidance, which triggered aggressive profit-taking across richly valued AI and semiconductor names.

  • The decline is amplified by broader Nasdaq weakness and a rotation away from high-multiple technology into value and cyclicals.
  • Major holdings, including Broadcom and other AI chip leaders, are seeing sharp declines as sentiment shifts following the earnings report.