🔴 Semiconductor ETF (SMH) is trading 5.37% down on AI data-center delay fears and tighter permitting

SMH is trading at $473.49, down 5.37%, as chip shares face concerns over possible AI data-center construction delays and tighter permitting after Democrats’ midterm victories.

• Chipmakers and data-center-related stocks remained under pressure on November 5.
• The Philadelphia Semiconductor Index had fallen 3.1% in the prior session.
• High AI-infrastructure investment and valuation worries compounded concerns. The broader market was mixed, with the Nasdaq down more than the S&P 500 and Dow.