XSD is trading at $500.05, down 1.79%, as semiconductor shares weakened after CXMT reported progress on a denser memory design, raising competition concerns for established memory producers.

  • Micron and other chip stocks weakened as the news spread.
  • Concerns about the cost and returns of AI infrastructure spending added to the sector selloff.
  • Broader indexes were nearly flat as markets awaited Wednesday’s CPI report, leaving chip-sector weakness as the clearest specific driver.