SOXQ is trading 5.1% down today as a broader selloff in information technology and semiconductor sectors pressures high-valuation AI plays.
- Rising AI infrastructure and memory costs, coupled with post-earnings volatility in Micron, are driving risk-off sentiment across the chip industry.
- Significant declines in major tech names including Apple, Microsoft, Samsung, and SK Hynix are weighing on the Nasdaq and outweighing stock-specific positives like IBM’s 0.7nm chip announcement.