🔴 Tech ETF (SOXQ) is trading 2.2% down as Alphabet’s earnings drop weighs on tech

SOXQ is trading at $90.00 (-2.66%) as Alphabet’s roughly 10% post-earnings drop weighed on tech amid concerns about returns on AI spending.

• September PCE inflation reached 3.6% year over year, reinforcing caution about rate relief; futures were negative after the release.
• Samsung shares fell despite record results, while SK Hynix’s strong AI-memory report offered support.
• SOXQ’s largest holdings—NVIDIA, Broadcom, and Micron—link it closely to semiconductor-sector sentiment.