SMHX is trading at $58.34 (-1.80%) as reports of Chinese chipmaker CXMT’s memory-technology progress heightened competition concerns across semiconductor shares.
- Reuters also cited worries about AI spending.
- Sector weakness was evident in the October 13 session, with October 14 coverage describing continued pressure on chip stocks; major-index moves were modest and showed no comparable broad-market decline.
- No SMHX-specific announcement was found.