Invesco PHLX Semiconductor ETF is trading at $108.81 (-1.93%) as the semiconductor sector gives back gains following a period of intense AI-driven optimism.
- The decline aligns with a mild pullback in the NASDAQ and broader tech space after strong rallies tied to Nvidia’s record bond sale and recent semiconductor surges.
- Trading occurs against a mixed macro backdrop, with investors rotating into cyclical sectors while digesting new housing data and global rate-tightening signals.