Global X Artificial Intelligence & Technology ETF is trading at $64.62 (-5.07%) as investors rotate out of expensive AI and technology names following Broadcom’s disappointing reaction and broader semiconductor weakness.
- The move is consistent with a wider risk-off tape, with the Nasdaq Composite trending lower as the technology sector leads the market decline today.
- The latest jobs report has reinforced a more hawkish Federal Reserve outlook, which is weighing heavily on growth-oriented stocks and AI-linked ETFs.