SEMI.AS is trading at $22.46 (-3.04%) as the semiconductor sector faces pressure from a broader tech pullback and investor rotation out of growth names.
- The decline is tied to rising valuation concerns and a shift toward risk-off sentiment across U.S. tech markets following a strong prior run.
- While Micron earnings initially supported the group, the wider sector failed to maintain momentum as Nasdaq sentiment turned weaker premarket.
- Investors are actively taking profits in growth-oriented semiconductor holdings as market sentiment shifts away from high-valuation growth stocks.