AAOG is trading at $1.84 and is down -6.34% as a global semiconductor selloff weighs on technology shares. - The selloff is led by steep losses in Asian chipmakers. - Investors are reassessing AI valuations and infrastructure costs; concerns about Chinese memory-chip competition are adding pressure. - AAOG targets 2x daily exposure to AAOI, so weakness in its underlying can magnify the ETF’s move; broader U.S. market indexes were comparatively mixed.