SEMI.AS is trading at $19.75 (-6.42%) as rates drive a broad AI and semiconductor selloff.

  • Investors cut exposure to richly valued chipmakers as the 30-year Treasury yield reached its highest level since 2007, raising growth-asset discount rates.
  • U.S.–Iran tensions lifted oil and inflation concerns; NVIDIA, Micron, Broadcom, and Asian semiconductor shares fell sharply.
  • Analog Devices pre-earnings caution may have added volatility, but the main catalyst was broader risk-off selling, not an isolated ETF development.