🔴 Semiconductor ETF (SEMI.AX) is trading 3.1% down as CEOs flag AI financing and investment returns

SEMI.AX is trading at A$37.77, down 3.05%, as broad semiconductor weakness weighs on the ETF.

• The PHLX Semiconductor Index fell 2.3%, with all 30 components lower.
• Cautious comments from Broadcom and Intel CEOs about AI financing and investment returns weighed on sentiment.
• CXMT’s progress on denser DRAM technology pressured Micron and SK Hynix, which together account for over 17% of the ETF.