SOXQ is trading 1.7% down today as the semiconductor-heavy information technology sector remains under pressure from a global chip selloff and cautious sentiment ahead of the Federal Reserve's policy statement.
- Intensifying Chinese competition in advanced chipmaking and doubts about long-term AI infrastructure returns are weighing heavily on high-beta tech and semiconductor names.
- Investors are adopting a risk-off stance in anticipation of the Fed's afternoon announcement, further accelerating the decline in the chip sector.