EUV is trading at $22.89 (-6.02%) as technology shares face pressure from an AI-capex selloff and new U.S. trade tariffs.
- Sentiment in high-growth names has weakened following Alphabet’s heavy spending plans, triggering sector-specific de-risking across the industry.
- New U.S. tariffs on 60 trading partners have introduced significant global trade and inflation uncertainty, weighing heavily on the ETF.
- While lower oil prices provide broader macro support for risk assets, the tech sector remains decoupled from the general market recovery today.