SMHX is trading at $58.05, down 2.49%, as a broad semiconductor selloff spreads amid investor reassessment of AI spending and competition from Chinese chipmakers.
- Reuters reported that progress by memory maker CXMT fueled competition concerns; coverage also cited doubts about AI investment returns.
- Samsung and SK Hynix fell sharply, while U.S. semiconductor stocks extended their slide. Major U.S. indices were near flat, indicating the move was sector-led rather than broad-market-driven.