SMH is trading 1.5% down today as the semiconductor sector faces pressure from regulatory setbacks and broader market weakness.
- Meta's forced unwind of a $2 billion AI deal due to China export restrictions is creating significant headwinds for the technology sector.
- Investor sentiment remains cautious ahead of a Federal Reserve meeting and key inflation reports, with the NASDAQ Composite declining 0.27%.
- Geopolitical tensions regarding Strait of Hormuz negotiations are keeping oil prices elevated during a heavy week of global technology earnings.