🔴 PSI is trading 1.77% down today after valuation-related selling in semiconductor and AI stocks

PSI is trading down 1.77% at $141.75 as semiconductor and AI stocks face continued valuation-related selling following the August 18 market retreat.

• The semiconductor ETF fell 7.05% to $146.31 on August 18, with reported volume of 381.45K
• Broader technology weakness, elevated Treasury yields, and risk-off sentiment are pressuring chip stocks
• The Nasdaq Composite is down 0.32% on August 19 as markets await the 14:00 ET FOMC Minutes