SOXQ is trading at $95.39 (-1.82%) as a broader technology and semiconductor selloff intensifies following concerns over AI spending returns and new trade headwinds.
- Investors are reassessing AI valuations after Alphabet’s higher capex guidance and weak free cash flow sparked a risk-off move across large-cap tech and chip ETFs.
- Sentiment is further pressured by higher-for-longer interest rate expectations and the impact of new tariffs on major U.S. trading partners on hardware supply chains.