SOXX is trading at $529.88, down 1.86%, as semiconductor shares face pressure from concerns that CXMT’s memory-technology advances could intensify competition.
- Investor doubts about AI investment and valuations are also weighing on semiconductor shares.
- September CPI exceeded forecasts for both headline and core inflation, lifting rate-hike concerns and weighing on growth and technology stocks.
- Semiconductors fell 2.51% in the regular session; no SOXX-specific catalyst was identified.