🔴 NVHE.TO is trading 3% down today as AI chip stocks extend a global selloff

NVHE.TO is trading down approximately 3% as global semiconductor and AI stocks extend a selloff for a second consecutive day.

• The Nasdaq is underperforming broader indices as investors rotate out of high-growth AI names amid concerns over heavy AI capital expenditure and rising competition from China.
• Macroeconomic factors, including Fed uncertainty, are putting disproportionate pressure on NVIDIA-linked income strategies and related high-growth products.