SOXQ is trading at $89.31, down 2.00%, as semiconductor weakness weighs on the fund amid reassessment of AI-related chip demand.
- Investors are also weighing possible future oversupply and financing risks of the AI buildout.
- Chip-sector selling has spread across regions, despite ASML reporting record sales and strong AI-driven demand.
- Hotter-than-expected September inflation revived concern about higher-for-longer rates, which can pressure growth and technology shares. Nasdaq was weaker in the supplied snapshot, while major indexes were mixed.