🔴 Invesco S&P 500 Momentum ETF is trading 2.8% down today as tech momentum unwinds following a Broadcom-led selloff and AI profit-taking

Invesco S&P 500 Momentum ETF is trading 2.8% down today as its tech-heavy momentum portfolio tracks a sharp pullback in the information technology sector following AI-driven profit-taking.

• A steep post-earnings drop in Broadcom and broad semiconductor and high-beta software weakness are weighing on Nasdaq and S&P 500 tech, dragging momentum strategies lower.
• The decline reflects a wider market rotation away from expensive growth stocks and into value and cyclical sectors.