SEMI.AX is trading at A$30.61 (-5.03%) as semiconductor shares sold off on concerns post-election data-center restrictions could slow AI infrastructure spending, a key demand driver for chips.
- Qualcomm added pressure after weaker smartphone-chip sales and a disappointing earnings outlook; broad declines across major chipmakers deepened the sector move.
- The overnight risk-off backdrop reinforced pressure, though the semiconductor and AI-infrastructure selloff was the clearest catalyst.