🔴 Semiconductor ETF (SEMI.AX) is trading 3.4% down as Intel’s weak outlook fuels semiconductor selloff

SEMI.AX is trading at A$33.78 (-3.43%) as a broad semiconductor selloff followed Intel’s weak outlook and warnings of continued PC-market weakness.

• Nvidia, AMD, Broadcom and Micron also declined on October 30.
• Investors are reassessing the scale and returns of AI infrastructure spending after disappointing Big Tech results.
• Heavy declines among semiconductor holdings, including Intel, added to sector pressure.