🔴 Blaize Holdings is trading 10.1% down today on global chip rout and AI spending concerns

Blaize Holdings is trading 10.1% down at $0.77 amid a sharp selloff across the semiconductor and technology sectors.

• The decline follows a significant move lower in the SOXX ETF, driven by mounting concerns over the sustainability of AI infrastructure spending and intensifying competition from China.
• Sector sentiment has been further pressured by disappointing earnings from SK Hynix, which triggered a broader rout in global chip-related equities.