CHIP.SW is trading at $125.20 (-3.42%) as semiconductor ETFs face pressure from an AI spending reassessment and a rotation out of high-multiple tech stocks.
- Sector-wide weakness is evident in major chip indices like SOXX and SMH, which were already down sharply heading into the session according to CNBC.
- Broader market headwinds including Nasdaq weakness, rising inflation fears linked to oil and tariffs, and renewed geopolitical tensions are further weighing on the semiconductor group.