SOXQ is trading at $91.64 (-2.46%) as hotter headline producer-price inflation and firm Treasury yields pressure rate-sensitive technology valuations.
- Nasdaq weakness confirms sector underperformance.
- Oil above $100 amid U.S.-Iran tensions adds broader risk-off pressure.
- NVIDIA’s Hugging Face acquisition is strategically positive but does not offset the macro selling; technology futures were already under pressure before the PPI release.