🔴 PSI is trading 5.3% down today as chip and AI stocks face continued pressure

PSI is trading 5.3% down now at $136.47 as the semiconductor ETF continues to slide following several days of heavy pressure on chip and AI-related stocks.

• The move reflects sector-wide risk-off sentiment tied to TSMC’s large capex increase and valuation concerns.
• Broader technology sector weakness is contributing to the decline, rather than any fund-specific news or fundamental changes to the ETF.