SOXQ is trading at $99.33, down 2.67% from its previous close as China's decision to halt helium exports triggers a sector-wide sell-off in semiconductor and AI infrastructure assets.
- The export ban on helium, a critical input for chip manufacturing, has fueled risk-off sentiment across the information technology space and weighed on Nasdaq futures.
- Heightened geopolitical tensions involving Iran are further pressuring growth-oriented assets, contributing to increased volatility in the semiconductor sector.
- The ETF has retreated from its July 10 closing price of $102.06 during pre-market trading.