🔴 Amkor Technology is trading 5.4% down today as chip stocks slide on AI capex concerns

Amkor Technology is trading 5.4% down at $59.62 following a sharp pullback amid a broader semiconductor industry decline.

• The move tracks a 3.80% drop in the SOXX index after TSMC raised its spending forecast, sparking concerns regarding the sustainability of AI capital expenditure.
• While there is no company-specific catalyst for the move, investor caution appears to be mounting ahead of the upcoming earnings report scheduled for July 27.