SEMI.AS is trading 3.3% down today as a sharp, globally driven semiconductor selloff continues to weigh on AI-chip and broader tech stocks.
- Investors are de-risking the sector due to concerns regarding long-term returns on massive AI infrastructure spending and rising Chinese competition in advanced chipmaking equipment.
- Downside pressure is being amplified by a rotation into defensive and value-oriented equities, alongside market caution ahead of upcoming Fed decisions and major tech earnings reports.