EUV is trading 3.1% down today as investors rotate out of semiconductor and AI-exposed names into more defensive and industrial sectors.
- Continued weakness in chip stocks and mounting concerns regarding AI capital spending are pressuring the broader technology complex.
- Geopolitical risks and the overhang of potential new U.S. tariffs are weighing heavily on the fund's lithography and semiconductor-photonics holdings.
- The ETF is extending its recent slide as market sentiment shifts away from high-growth tech toward defensive positioning.