SEMI.AX is trading 8.0% down today following a sharp global semiconductor and AI-linked tech selloff driven by concerns over AI capex returns and rising competition from China.
- Major chip names including Nvidia and Micron faced downward pressure following reports of Chinese advances in chipmaking tools and a broader rotation into value and industrial sectors.
- The decline was exacerbated by sector-wide profit-taking and growing investor skepticism regarding the scale of long-term AI infrastructure spending.