🔴 Semiconductor ETF (SOXL) is trading 7.45% down in pre-market as Alphabet’s revenue miss renews AI-spending concerns

SOXL is trading at $99.35 (-7.45%) as broader semiconductor and technology weakness reflects renewed concerns about returns on AI spending.

• Alphabet’s disappointing revenue and roughly 10% after-hours decline weighed on technology shares and Nasdaq futures.
• Samsung Electronics fell more than 5% after profit missed estimates, and South Korea’s KOSPI dropped, reversing the prior session’s chip rally.
• Nasdaq futures were down about 1.3%; U.S. GDP and personal income and outlays data are scheduled for 8:30 a.m. ET. No SOXL-specific catalyst was reported.