SOXX is trading at $493.43, down -4.11%, as Lam Research’s weaker outlook weighs on semiconductor stocks.
- Supply constraints may delay shipments, and the company expects China’s revenue contribution to fall substantially.
- Risk-off trading and renewed doubts about AI spending pressured technology shares and left chip stocks broadly lower.
- The move reversed the prior session’s AI optimism, while rising Middle East tensions and oil prices further weighed on sentiment.