🔴 SEMI is trading 2.40% down today after AI leaders called for slower AI advancement

SEMI is trading at $37.27 (-2.40%) after renewed concerns that slowing AI development could weaken future semiconductor demand.

• Global chip stocks declined after Anthropic, OpenAI, and xAI leaders called for slower AI advancement.
• Reuters reported Nasdaq futures were dragged lower by an AI-heavyweight selloff, while semiconductor ETFs also fell sharply premarket.
• Broader market weakness reinforced the decline, with technology stocks leading Monday’s risk-off session.