SEMI.AS is trading 3.2% down today as profit-taking hits chip stocks following last week’s sharp rebound driven by strong megacap tech earnings and cooling inflation data.
- The move appears sector-specific rather than driven by a single holding, with investors squaring positions ahead of key U.S. economic data and ISM manufacturing figures.
- The semiconductor sector is giving back a portion of its recent gains even as broader U.S. stock indexes continue to trade higher.