The iShares Semiconductor ETF has fallen almost 23% since June 22, outpacing a 10% decline in the MSCI Asia Pacific index from its all-time high on the same date. More than 20% of that Asian benchmark consists of three major chip stocks from Taiwan and South Korea, and other leading semiconductor names have also dropped, with Taiwan Semiconductor Manufacturing down about 13.8%, ASML Holding down about 14.4%, Nvidia down about 6.4%, and the iShares MSCI South Korea ETF down 26.4%. The iShares Semiconductor ETF holds a concentrated portfolio of 30 stocks, with top holdings including Nvidia at 8.93%, Advanced Micro Devices at 8.26%, Broadcom at 8.22%, Micron Technology at 7.55%, and Intel at 5.12%. The sell-off reflects investor concerns that major AI hyperscalers may scale back capital expenditures, potentially reducing demand for semiconductors and memory chips.
Taiwan Semiconductor Manufacturing Co. Ltd.
ASML Holding N.V.
Intel Corporation
Micron Technology Inc
