🔴 Tech ETF (SOXQ) is trading 2% down as CXMT progress stokes chip competition concerns

SOXQ is trading at $94.27 (-2.02%) as reported CXMT memory-technology progress stoked competition concerns across semiconductor shares.

• SOXQ’s semiconductor-heavy exposure leaves it vulnerable; TSMC earnings are another sector focus.
• September CPI rose 3.7% year over year, above the 3.6% forecast, lifting rate concerns.
• Chip weakness was sector-specific: the supplied market snapshot showed the Nasdaq down 0.36% and the Dow up 0.29%.