🔴 SEMI is trading 1.75% down today as semiconductor stocks weaken broadly

SEMI is trading at $37.23, down -1.75%, as semiconductor stocks weaken broadly.

• The broader SOXX semiconductor ETF was down 2%, with MRVL, INTC, AMD, and AMAT pulling back.
• Broader markets were mixed to lower, with the Nasdaq Composite down 0.60%.
• STMicroelectronics’ latest price increase was sector-relevant but did not directly explain SEMI’s decline.