🔴 IVV is trading 1.3% down today on tech selloff and AI valuation concerns

IVV is trading 1.3% down today as a tech-led global risk-off move hits the S&P 500, driven by a sharp selloff in semiconductor and AI-related stocks.

• Investors are concerned that AI valuations have become overextended and that massive capital expenditure plans, such as TSMC’s large U.S. investment, may not be sustainable.
• Risk appetite is being further suppressed by escalating U.S.–Iran geopolitical tensions and recent hawkish commentary from the Federal Reserve.
• The decline reflects a broader retreat from growth-heavy indices as market participants reassess the sustainability of current tech spending levels.