SOXQ is trading 2.3% down today as semiconductor weakness persists amid concerns that AI capital spending may be overextended and renewed trade tensions impact the sector.
- The broader semiconductor group is facing pressure from China-linked competition and a second straight day of sector-wide selling.
- Growth stocks are seeing a risk-off tone as investors remain cautious ahead of the Federal Reserve meeting later today.
- Market sentiment is further weighed down by slightly lower Nasdaq futures and ongoing volatility in the oil markets.