XSD is trading 3.6% down today as a broad information technology and semiconductor selloff hits markets, with the ETF trading sharply lower alongside the Nasdaq and wider tech benchmarks.
- Sentiment has deteriorated after Accenture cut its forecast and flagged weaker enterprise IT spending, weighing on the broader technology sector.
- A global tech downturn and mounting concerns regarding AI-related capex are driving investors out of the high-beta chip names that dominate the XSD portfolio.
- The selloff reflects a shift in investor appetite as markets react to signs of slowing demand in the enterprise IT space.