🔴 Global Semiconductors ETF (SEMI.AS) is trading 3% down on August 25, 2026 ahead of NVIDIA’s August 26 earnings

SEMI.AS is trading at $19.03 (-3.01%) as semiconductor shares sold off broadly during the August 24 session.

• The Philadelphia Semiconductor Index fell roughly 2.7%-3.6%, with NVIDIA, Micron, AMD, Broadcom, and Intel among the major decliners.
• Investors are reducing exposure to richly valued AI and chip stocks ahead of NVIDIA’s August 26 earnings.
• Elevated expectations and concerns about the sustainability of AI-related capital spending are adding pressure.