🔴 SMHX is trading 1.6% down today as AI chip stocks retreat on valuation and capex concerns

SMHX is trading 1.6% down at $57.77 as AI chip stocks come under pressure following a sharp multi-day rebound in fabless semiconductor and AI-linked names.

• The ETF is pulling back as concerns regarding high capital spending and stretched valuations in the broader AI sector temper recent market optimism.
• The decline follows a period of significant recovery for fabless semiconductor companies and other AI-related equities.