EUV is trading 5.3% down today as geopolitical escalation in the Strait of Hormuz and a spike in oil prices pressure high-growth technology and semiconductor names.
- Ongoing risk-off sentiment follows the July 13 selloff, with investors expressing concerns over stretched valuations in the AI and chip sectors.
- The ETF continues to trade lower in line with weaker global tech futures, impacting photonics and semiconductor-exposed instruments.