🔴 CHPX is trading 2.2% down today amid global chip sell-off and AI spending concerns

CHPX is trading 2.2% down now at $83.60 as semiconductor stocks remain under heavy pressure following a sharp global sell-off.

• A wave of losses in Asian chipmakers and renewed concerns about AI-related spending and Chinese competition are weighing on AI-focused semiconductor ETFs like CHPX.
• Broader U.S. indices are trading slightly lower as investors await the Fed’s FOMC statement amid expectations of increased market volatility.