🔴 Semiconductor ETF (SMH) is trading 1.9% down as CXMT’s denser DRAM heightens pricing fears

SMH is trading at $578.36, down -1.86%, as CXMT’s reported progress on denser DRAM intensified concerns about future competition and pricing among memory-chip stocks.

• Semiconductor weakness was also reinforced by Broadcom CEO Hock Tan’s casino comparison for AI investing, sharpening concerns about lofty AI expectations.
• ASML reported Q3 sales of €11.7 billion; its outlook and upcoming TSMC results keep attention on chip demand.