CHPX is trading 2.63% down now at $89.98 after semiconductor stocks weakened over concerns that heavy AI infrastructure spending may not generate sufficient returns.

  • Sandisk, Seagate, Coherent, and Micron were reportedly lower, alongside CHPX holdings including Micron and Taiwan Semiconductor.
  • Broader risk sentiment is weaker, with the Nasdaq Composite down 0.60%.
  • Similar AI-spending concerns have recently pressured chip stocks despite strong earnings.