SOXQ is trading 6.01% down today as AI-linked technology and semiconductor stocks sell off after Anthropic CEO Dario Amodei urged the industry to slow frontier-model development.
- OpenAI CEO Sam Altman and Elon Musk supported the concern.
- The decline is sector-led, with weaker Nasdaq futures and rising oil prices adding pressure.
- Expectations for upcoming interest-rate hikes are weighing on high-growth technology valuations.