🔴 SMHX is trading 1.6% down today on China competition and AI spending fears

SMHX is trading at $52.16, down 1.6% as chip stocks remain under pressure amid a broader global semiconductor rout.

• The decline is driven by mounting fears over China’s advanced chipmaking competition and growing questions regarding the sustainability of AI infrastructure spending.
• The sell-off has impacted major industry peers, including Nvidia, AMD, Intel, Micron, Samsung, and SK Hynix.