🔴 Semiconductor ETF (VVSM.DE) is trading 6% down on October 30, 2026, as AI-spending doubts cloud returns

VVSM.DE is trading at €88.07 (-5.98%) as doubts over returns from AI infrastructure spending renew selling in technology and semiconductor shares.

• Alphabet’s earnings and cash-flow concerns, Amazon’s heavy investment, and Intel’s weak outlook prompted investor questions.
• Pressure spread to Asian chipmakers; Intel represents 5.82% of the ETF’s portfolio weight.