🔴 Semiconductor ETF (SOXX) is trading 3.86% down in pre-market after Lam Research’s weak outlook

SOXX is trading at $490.66, down -3.86%, as Lam Research’s weak outlook weighed on semiconductor peers.

• Lam Research cited supply constraints and forecast a substantially smaller China revenue contribution.
• Renewed concerns about AI spending and valuations pressured technology stocks; Nasdaq futures fell about 1.7%, and higher oil prices added to the cautious risk mood.
• Weekly U.S. jobless claims are scheduled for release at 8:30 a.m. ET.