🔴 Semiconductor ETF (CHIP.SW) is trading 6.31% down as Intel outlook and PC demand fuel selloff

CHIP.SW is trading at $115.48 (-6.31%) as Intel’s weak fourth-quarter outlook and slowing PC demand helped trigger broad chip selling on October 30. - The Philadelphia Semiconductor Index fell 7.2%; Nvidia, AMD and other chipmakers also declined. - Investors questioned whether heavy AI infrastructure spending will generate returns quickly enough, pressuring technology and chip stocks. - Futures were modestly higher before the November 2 open; the ETF move may reflect the preceding session, not a verified November 2 close.