🔴 Tech ETF (XSD) is trading 6.46% down as chip sales and outlook disappoint investors

XSD is trading at $410.69 (-6.46%) as semiconductor weakness weighs on technology shares.

• Qualcomm fell after handset-chip sales missed expectations, while Arm’s results and outlook disappointed investors.
• Concerns that tighter AI and data-center oversight could slow infrastructure investment are adding pressure to chip and data-center stocks.
• Nasdaq futures also weakened, indicating pressure extends beyond XSD’s semiconductor-focused holdings.