🔴 PSI is trading 2.4% down in pre-market amid broader semiconductor weakness

PSI is trading 2.42% down now at $135.55 as semiconductor-sector weakness extended into pre-market trading.

• Recent reporting attributes the broader chip selloff to AI infrastructure spending concerns, elevated valuations, and increasing Chinese competition, rather than a PSI-specific announcement.
• PSI fell from $157.40 on August 17 to $138.91 on August 21.
• No new PSI-specific catalyst was identified in available August 24 coverage; the August 21 NVIDIA–Rebellions report is unrelated to PSI’s decline.