🔴 Invesco PHLX Semiconductor ETF is trading 4.85% down today as Broadcom's outlook triggers a semiconductor selloff

Invesco PHLX Semiconductor ETF is trading at $102.02 (-4.85%) as Broadcom's weak market reaction to earnings and outlook triggers profit-taking across AI and chip names.

• Semiconductors are leading the information technology decline after Broadcom's earnings report sparked a broader selloff in AI and chip stocks.
• The broader market remains soft, with the Nasdaq down 1.23% as tech stocks underperform value stocks, reinforcing the downward move in the semiconductor sector.