🔴 XLG is trading 1.61% down today as semiconductor and AI shares sell off on TSMC capex concerns and hawkish Fed commentary

XLG is trading at $61.20 (-1.61%) as a sell-off in semiconductor and AI shares drives significant weakness in the fund's information technology sleeve, which accounts for 49.2% of the ETF.

• Tech sentiment deteriorated after TSMC raised its capital-spending outlook, sparking investor concerns that the global AI buildout is becoming increasingly expensive.
• Hawkish commentary from Federal Reserve officials maintained pressure on growth-oriented stocks, while a broader market downturn reinforced a general risk-off tone.