VVSM.DE is trading 3.5% down today as part of a broader semiconductor and technology sector selloff that intensified on July 17, 2026.

  • Investors are reassessing rich AI-related valuations after TSMC’s record profits were accompanied by sharply higher capex guidance.
  • Geopolitical tensions and rising oil prices are adding to risk-off sentiment, driving rotating flows out of high-beta chip names.