🔴 MGK is trading 1.58% down today as semiconductor weakness and AI spending concerns weigh on growth names

MGK is trading at $83.12 (down 1.58%) as global semiconductor weakness and AI spending concerns weigh on large-cap growth names.

• The sector is under pressure following a sharp chip selloff linked to new Chinese competition in advanced chipmaking tools.
• Cautious positioning ahead of Big Tech earnings and a hawkish Fed tone are further dragging the broader NASDAQ and growth complex lower.