US sector ETFs slump; semiconductor ETF falls 11.21%

The breadth of the selloff matters more than any single fund's move: when semiconductors fall hardest while energy declines far less, the market is repricing growth and AI-linked exposure rather than rotating uniformly out of equities. The scale of the semiconductor drop suggests crowded positioning unwinding, not a sector-specific catalyst visible in this data. Whether the tech complex stabilizes or the weakness spreads to the broader market is the open question worth watching.