🔴 CHIP.SW is trading 3.8% down today following a global semiconductor selloff triggered by TSMC capex concerns and South Korea's rate hike

CHIP.SW is trading 3.8% down as part of a broader semiconductor and AI stock selloff following Taiwan Semiconductor Manufacturing’s (TSMC) record earnings and increased capital expenditure plans.

• TSMC's sharply higher capex guidance has raised concerns regarding valuation and the sustainability of the current AI growth cycle.
• Global pressure is intensified by South Korea’s surprise rate hike, which led to double-digit declines in major chipmakers like Samsung and SK Hynix.
• Escalating U.S.-Iran tensions and rising oil prices have fueled a broader risk-off sentiment, further weighing on growth and tech-related assets globally.