SOXX is trading at $562.67 (-1.76%) amid renewed semiconductor valuation concerns.
- Michael Burry reportedly increased short positions in SOXX, Micron, Applied Materials, and Lam Research, warning that memory-chip valuations could unwind sharply.
- Broader equities are modestly lower, while elevated Treasury yields and pending September PMI data are limiting risk appetite for high-growth technology stocks.
- The move appears sector-specific in intensity rather than a broad-market selloff.