🔴 Amundi MSCI Semiconductors UCITS ETF Acc is trading 3.9% down today on Broadcom earnings disappointment and higher-for-longer rate fears

Amundi MSCI Semiconductors UCITS ETF Acc is trading down about 3.9% versus the prior close, extending a multi-day pullback in chip stocks.

• The drop follows a sharp rotation out of high-valuation technology and semiconductor names after Broadcom’s disappointing reaction to earnings and guidance, alongside ongoing weakness in Micron and other AI chip leaders.
• A stronger-than-expected U.S. jobs report has reinforced expectations for higher-for-longer interest rates, pressuring growth sectors like semiconductors as investors move toward more defensive and value-oriented areas of the market.