🔴 State Street SPDR S&P Semiconductor ETF is trading 1.8% down today on Broadcom earnings miss and AI-chip selloff

State Street SPDR S&P Semiconductor ETF is trading 1.8% down following a sharp post-earnings selloff in Broadcom and related AI-chip names, which triggered profit-taking across the semiconductor industry.

• The decline reflects broad weakness in high-growth tech as investors rotate capital away from the information technology sector and toward value and industrials.
• The selloff in Broadcom pressured the broader semiconductor landscape, impacting names linked to the artificial intelligence supply chain.