🔴 Semiconductor ETF (SOXL) is trading 11.22% down in pre-market as Lam Research guidance hits chip stocks

SOXL is trading at $91.66 (-11.22%) as Lam Research’s weaker-than-expected guidance weighed on semiconductor shares.

• Asian chipmakers fell as mixed Meta and Tesla results renewed doubts about AI spending and returns.
• Nasdaq futures and broader risk sentiment weakened; rising oil prices amid Middle East tensions added pressure.