CHPS is trading at $89.17 (-1.76%) as AI-chip profit-taking reverses part of its sharp four-session advance.
- Semiconductor shares are pulling back after an extended rally.
- Elevated Treasury yields near 5%, the September flash PMI release, and upcoming Fed commentary are increasing valuation pressure on technology stocks.
- Micron’s valuation concerns and a modestly weaker broader market are adding to the information-technology sector’s early-session decline.