SOXQ is trading 1.6% down as information technology stocks face pressure from a sharp rotation away from chipmakers and AI-related names.
- Asian markets, particularly South Korea’s tech-heavy Kospi, saw steep semiconductor losses, while Nasdaq-100 futures point to a lower U.S. open.
- Investors are de-risking ahead of the U.S. Employment Situation report, weighing on high-valuation growth shares.
- Heightened U.S.-Iran tensions are further impacting market sentiment and contributing to the broader move away from risk assets.