VanEck Semiconductor ETF is trading about 1.6% down in after-hours trading at $617.57 following a sector-wide selloff triggered by Broadcom’s fiscal Q2 earnings report.
- Broadcom maintained its $56 billion annual AI revenue target, disappointing investors who had anticipated a guidance raise despite strong underlying growth in the AI sector.
- The report sparked aggressive profit-taking across high-valuation semiconductor and information technology names, weighing on the tech-heavy Nasdaq while the Dow hit record highs.
- The ETF previously closed the regular session at $627.53 before the post-market decline.