🔴 iShares Semiconductor ETF is trading 5.8% down today after Broadcom's disappointing revenue and AI outlook

iShares Semiconductor ETF is trading 5.8% lower today as Broadcom’s disappointing revenue print and AI outlook triggered broad profit-taking in richly valued chip names.

• The selloff is being compounded by a broader risk-off tone in U.S. markets after labor-market data pressured rate-cut expectations, leaving growth and tech stocks underperforming major indices.
• The semiconductor-heavy information technology sector is seeing significant downward pressure, dragging sector ETFs like iShares Semiconductor ETF lower as investors reassess high-valuation chip stocks.