Summary
- U.S. semiconductor exchange-traded funds (ETF) were falling in premarket trading.
- Semiconductor ETFs fell across the board as artificial intelligence (AI) related stocks weakened.
- The recent pullback in AI-related stocks was spreading across the broader semiconductor sector and affecting short-term investor sentiment.
U.S. semiconductor exchange-traded funds were lower in premarket trading.
Odaily, a cryptocurrency-focused media outlet, reported on April 28 that semiconductor ETFs fell across the board as artificial intelligence-related stocks weakened. The iShares Semiconductor ETF dropped 4.2%, while the VanEck Semiconductor ETF fell 3.8%.
The recent pullback in AI-related stocks is spreading across the broader semiconductor sector and weighing on short-term investor sentiment.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
