EUV is trading 5% down today as the photonics and semiconductor-focused ETF faces pressure from a broader tech selloff and profit-taking following Micron's earnings.
- The decline marks a sharp reversal from yesterday's rebound, driven by rising memory and device costs impacting specialized lithography names.
- Broader market sentiment shows a rotation out of AI hardware and chipmaking into industrial and consumer sectors.
- Profit-taking is weighing on specialized technology names following the recent rally in the semiconductor space.