🔴 SEMI is trading 1.7% down today amid AI spending concerns and broader semiconductor selloff

SEMI is trading at $37.90 (1.7% down) amid continued pressure on semiconductor and AI-related names.

• The decline is driven by sector-wide concerns over AI spending, stretched valuations, and a more aggressive Federal Reserve stance.
• The move reflects a broad risk-off sentiment across chip stocks rather than any company-specific news for SEMI.