🔴 PSI is trading 2.1% down in pre-market as rising Treasury yields pressure tech valuations

PSI, the Invesco Semiconductors ETF, is trading at $129.05, down 2.10% as rising Treasury yields pressure technology valuations.

• Semiconductor shares also declined: SMH lost more than 1%, while NVIDIA, AMD, and Micron fell more than 1% in pre-market trading.
• Weaker overnight risk sentiment and lower Nasdaq futures added broader-market pressure.
• No new PSI-specific announcement or earnings catalyst was identified for September 1, 2026.