SEMI is trading 2.1% down at $36.67 in pre-market, extending its recent multi-day slide amid a broader semiconductor and AI-sector selloff.
- The decline is driven by market-wide concerns over stretched valuations and the long-term sustainability of AI-related capital spending.
- Hawkish Federal Reserve rhetoric has added further pressure to growth-oriented sectors, contributing to the downward momentum.
- The move appears to be tied to industry-wide trends rather than any new company-specific news headlines.