🔴 PSI is trading 2.8% down today as semiconductor sector sell-off extends

PSI is trading 2.8% down at $141.20 in pre-market, extending a sharp weekly decline in semiconductor ETFs and chip stocks.

• The sector-wide weakness is driven by concerns over lofty AI chip valuations and heavy capex plans at major foundries like TSMC.
• Broader tech futures are also lower, reinforcing a risk-off tone across the semiconductor industry.
• No specific news for PSI has emerged overnight, suggesting the move is tied to broader market sentiment.