PSI is trading at $142.41 (-4.00%) in pre-market hours, driven by sector-wide pressure on semiconductor and AI names rather than company-specific news.
- The decline follows a weak July 7 session and aligns with overnight selling across the chip sector.
- Broader market sentiment remains cautious as the Nasdaq is down 1.16% in pre-market trading.
- No specific catalyst was identified for the move, suggesting the price action is tied to industry-wide risk-off sentiment.