IVV is trading 1.1% down today as a tech-led global risk-off move triggers a sharp selloff in semiconductor and AI-related stocks.
- Concerns over stretched AI valuations and the sustainability of heavy capex plans for AI infrastructure are weighing heavily on the index.
- Geopolitical tensions in the Middle East and the prospect of a more hawkish Federal Reserve are further dampening risk appetite and pressuring broad U.S. equity sentiment.