🔴 Semiconductors ETF (CHIP.SW) is trading 5.1% down as higher Treasury yields pressure chip valuations

CHIP.SW is trading at $126.68, down -5.14%, as rising Treasury yields pressure expensive AI and semiconductor valuations.

• The Philadelphia Semiconductor Index fell about 5%, while Asian chip stocks extended losses on August 19.
• Fading U.S.-Iran peace prospects, oil near $90, and multi-year-high Treasury yields—with the 30-year yield near 5.33%—added pressure.
• Profit-taking amplified declines in major chip holdings, including NVIDIA and Micron.