🟢 Semiconductor ETF (SOXS) is trading 27.63% up as AI spending concerns weigh on chip stocks

SOXS is trading at $52.48 (+27.63%) as AI spending concerns pressured semiconductor shares.

• Intel’s weak outlook, cash-burn warning and production issues intensified pressure on semiconductor shares.
• Amazon’s elevated AI spending and cash outflow reinforced investor concerns about returns on AI infrastructure.
• The selloff spread across chipmakers, including Nvidia and AMD, while the Nasdaq fell to a nearly three-month low.