VVSM.DE is trading at $105.18 (-3.65%) as the semiconductor sector faces a sharp correction following recent gains and mounting concerns over AI valuations.
- The decline comes after a 5.6% surge on June 30, with investors opting for profit-taking amid a broader reversal in AI and semiconductor sentiment.
- Global chipmakers are seeing a sell-off ahead of critical manufacturing PMI data, fueled by fears of overinvestment in AI infrastructure and memory chips.