🔴 Semiconductor ETF (CHIP.SW) is trading 3.9% down as hotter U.S. inflation revives higher-for-longer rate expectations

CHIP.SW is trading at $122.22 (-3.85%) as September U.S. CPI’s 3.7% annual rise topped the 3.6% forecast, reviving higher-for-longer rate expectations and pressuring growth stocks. - Debt-funded AI infrastructure spending and chip-demand concerns extended the global semiconductor selloff, with shares weakening across Asia and the U.S. - On October 15, the Philadelphia Semiconductor Index ended down 0.88%, after falling as much as 4.4% intraday; chips stayed under pressure as broader U.S. stocks recovered later in the session.