SMH is trading at $581.98, down 1.52%, as rising doubts about AI infrastructure spending weigh on semiconductor stocks.

  • Broadcom and Intel leaders warned financing could constrain expansion.
  • Claims of progress by Chinese memory maker CXMT in next-generation DRAM intensified competition and pricing concerns, contributing to heavy losses in Asian chip stocks.
  • Nasdaq futures fell 0.51%; the broader index picture was mixed, suggesting sector-specific pressure rather than a uniform market decline.