🔴 Semiconductor ETF (SEMI.AS) is trading 5.03% down as tech earnings deepen doubts over AI returns

SEMI.AS is trading at $18.23, down 5.03%, as earnings and outlooks from Alphabet, Amazon, and Intel intensified doubts that massive AI spending will generate adequate returns.

• Intel’s weak revenue forecast added concern about PC-chip demand.
• Asian chipmakers fell: SK Hynix and Advantest were down more than 9% at one point, while TSMC slipped over 2%.
• Broad risk-off trading and weaker technology futures compounded semiconductor-sector weakness.