EUV is trading 4.8% down today as part of a broad semiconductor and photonics drawdown following sharp losses in Asian chipmakers and renewed concerns over stretched AI-related valuations.
- Sharp losses in Asian chipmakers and concerns over stretched AI valuations are driving the selloff.
- Hawkish Fed signals and heavy selling in Korean tech stocks are pressuring growth-oriented photonics names.
- Heightened risk-off sentiment across the technology sector is amplifying the downward move in the ETF.