EUV is trading 3.6% down today as investors rotate away from growth and semiconductor names following an earnings-driven technology selloff.
- Macroeconomic headwinds including higher-for-longer rate expectations, surging oil prices, and renewed tariff uncertainty are weighing on broader risk appetite.
- Weakness in mega-cap tech and growing concerns over AI capital expenditure are spilling over into the semiconductor and photonics segments tracked by the fund.