🔴 PSI is trading 3.6% down in pre-market as yields and AI-spending concerns pressure chips

PSI is trading at $123.27, down 3.56% in pre-market amid broad semiconductor weakness.

• PSI is the Invesco Semiconductors ETF; the decline reflects sector weakness, not a confirmed company-specific announcement.
• October 20 reporting linked chip-stock pressure to rising Treasury yields and concerns about AI investment costs.
• The prior session’s chip rebound followed easing yields and oil prices, underscoring sensitivity to rate and AI-spending sentiment.