SOXQ is trading 1.69% down after Thursday’s powerful technology rally, as investors take profits and reassess lofty AI-related valuations.
- Marvell Technology’s weaker-than-expected forward outlook pressured semiconductor shares and weighed on the information-technology sector despite NVIDIA’s strong earnings and guidance.
- Broader markets are relatively stable, while uncertainty ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole speech limits risk appetite for rate-sensitive growth stocks.