🟢 Semiconductor ETF (SOXS) is trading 9.12% up in after-hours trading as Alphabet results revive AI-spending concerns

SOXS is trading at $45.49, up 9.12%, as concerns about returns on heavy AI spending weigh on technology and semiconductor shares.

• The price compares with the $41.69 regular-session close.
• Alphabet missed revenue expectations and reported negative free cash flow of $9.1 billion, reviving concerns about AI spending returns.
• Samsung’s semiconductor results also missed expectations; the Philadelphia Semiconductor Index fell 1.8% on October 29.