🔴 State Street SPDR S&P Semiconductor ETF is trading 2% down today as investors rotate out of high-growth chip names following the U.S. CPI release

State Street SPDR S&P Semiconductor ETF is trading 2% down as investors rotate out of high-growth chip and technology names following the latest U.S. CPI release.

• Higher-than-expected inflation is keeping Treasury yields and Federal Reserve rate expectations elevated, weighing on richly valued AI and semiconductor leaders.
• The sector is facing extended volatility amid sharp swings in technology shares and renewed geopolitical tensions.