SOXQ is trading 5.2% down today as semiconductor and broader information technology stocks extend a two-day slump driven by concerns over heavy AI-related capital spending.
- Chipmakers are under pressure from potential new U.S. tariffs and fresh competition from China, following a steep selloff in Asian chip names and Korea’s Kospi.
- Investor caution is heightened by the start of a key Federal Reserve meeting, which has introduced interest rate uncertainty into an already volatile tech sector.