AVGY.TO, a covered-call ETF tied to Broadcom with enhanced income and leverage, is down about 3.7% on July 02, 2026, retracing recent gains. The move closely follows a sharp AI‑semiconductor selloff in Asia, where Korean chipmakers plunged after concerns about AI overinvestment and competitive pressure from Meta’s new data‑center capacity business, feeding risk‑off sentiment toward high‑beta AI and chip plays.