🔴 State Street SPDR S&P Semiconductor ETF is trading 2.6% down today on Broadcom revenue miss and cautious AI outlook

State Street SPDR S&P Semiconductor ETF is trading 2.6% down today as investors sell off semiconductor and high-growth technology stocks following Broadcom’s revenue miss and cautious AI guidance.

• Market sentiment is shifting as investors rotate out of AI beneficiaries and into value and industrial sectors, reversing recent semiconductor gains.
• Heightened U.S.–Iran tensions are adding further pressure to the broader information technology sector and weighing on risk appetite.
• The selloff reflects growing caution regarding the near-term growth trajectory of high-valuation tech names in the wake of tempered corporate outlooks.