🔴 Semiconductor ETF (SOXX) is trading 1.5% down on August 10, 2026 ahead of July CPI report

SOXX is trading at $534.91 (-1.54%) as investors reduce exposure to richly valued semiconductor and AI stocks ahead of the July CPI report scheduled for Wednesday.

• The Nasdaq Composite is down 0.23%, while concerns about whether hyperscalers can sustain aggressive AI capital spending weigh on the PHLX Semiconductor Index, about 15% below its June high.
• Positive TSMC July revenue, up 44.7% year over year, has not offset broader profit-taking and risk reduction.