CHPY.L is trading at $51.38, down 3.37%, as investors reassess AI-related spending after disappointing results and forecasts from major technology companies.

  • Alphabet’s sharp post-earnings fall, Amazon’s weaker outlook and Intel’s forecast concerns weighed on technology and semiconductor sentiment.
  • The Philadelphia Semiconductor Index fell 1.4% during Thursday’s session, with semiconductor stocks already under pressure.
  • Intel is a reported CHPY holding with a listed weight below 5%; the fund’s semiconductor exposure makes broader sector weakness relevant.