SOXQ is trading 1.5% down today, extending a multi-day selloff in semiconductor and IT stocks driven by mounting AI spending concerns and geopolitical trade tensions.
- Global chip weakness is being exacerbated by new U.S. tariffs and rising competition from China in the advanced chipmaking equipment sector.
- Investors are maintaining a cautious stance ahead of major tech earnings and a pivotal Federal Reserve rate decision that could further impact sentiment toward high-growth AI infrastructure names.