🔴 State Street SPDR S&P Semiconductor ETF is trading 2.1% down today on Broadcom earnings and AI-chip profit-taking

State Street SPDR S&P Semiconductor ETF is trading 2.1% down in pre-market as investors continue to sell high-valuation chip and growth tech names following Broadcom’s disappointing earnings reaction.

• AI-chip profit-taking and broader tech-led weakness are weighing on the sector as futures point to a lower open.
• Traders are maintaining a cautious stance ahead of the key U.S. Employment Situation report, which could further pressure rate-sensitive information technology stocks if jobs data exceeds expectations.