🔴 XLG is trading 1.72% down today on TSMC capex concerns and hawkish Fed commentary

XLG is trading at $60.29 (-1.72%) as technology stocks face pressure from TSMC’s expanded capex plans and hawkish Federal Reserve remarks.

• Investors are reacting to TSMC's capital expenditure outlook, which has renewed concerns that AI infrastructure spending is becoming prohibitively expensive.
• Hawkish Fed commentary has lifted interest rate concerns, weighing heavily on growth-sensitive semiconductor valuations.
• The move aligns with a broader sector selloff, where megacap chip names are acting as a significant drag on the Nasdaq and the information technology sleeve.