🔴 PSI is trading 2.15% down today amid doubts over returns on AI spending

PSI is trading at $128.53, down 2.15%, amid semiconductor weakness as investors reassessed AI spending returns after Alphabet’s disappointing results and higher AI-related costs.

• Reuters reported declines among major chipmakers, including AMD and Intel.
• Bloomberg reported renewed doubts that AI investment will deliver adequate returns. PSI had risen over the prior three sessions before the October 29 pullback; no PSI-specific announcement or trading-volume figure was identified.