🔴 Semiconductor ETF (VVSM.DE) is trading 5.7% down as Treasury yields pressure high-valuation AI stocks

VVSM.DE is trading at €91.96 (-5.70%) as rising Treasury yields pressured high-valuation semiconductor and AI stocks.

• The Philadelphia Semiconductor Index fell more than 5%, signaling broad sector weakness; NVIDIA, Micron, AMD, and Intel declined as investors took profits and questioned stretched AI valuations.
• Middle East uncertainty lifted oil prices and increased inflation and rate concerns.
• The upcoming FOMC Minutes added caution around higher-for-longer monetary policy expectations.