🔴 Tech ETF (SOXQ) is trading 1.6% down in pre-market amid sector-driven chipmaker selling

SOXQ is trading at $90.96, down 1.58% from the August 21 close as sector-driven selling extends recent semiconductor weakness.

• Investors are reducing high-growth technology exposure ahead of the Jackson Hole Symposium and NVIDIA earnings, both major events for interest-rate expectations and AI valuations.
• August 24 has no major U.S. economic releases; chipmakers face disproportionate selling.
• The August 21 NVIDIA–Rebellions report is strategically positive but preliminary, unlikely to explain the broader pre-market decline; evidence supports cautious positioning over a single overnight company shock.