CHPS is trading at $78.80, down 4.64%, as September CPI showed 3.7% annual inflation above forecasts, reviving rate-hike concerns and weighing on rate-sensitive technology stocks.
- Semiconductor and AI shares faced a broader global selloff.
- Reuters reported chip-sector losses extending into a sixth day as investors reassessed AI investment financing and higher borrowing costs.
- ASML’s strong results and raised outlook pointed to AI equipment demand but did not offset sector-wide pressure.