🔴 Semiconductor ETF (SOXX) is trading 2.1% down after Broadcom’s revenue outlook slightly misses expectations

SOXX is trading at $490.80, down -2.12% after Broadcom’s fiscal-fourth-quarter revenue outlook slightly missed expectations, pressuring AI-chip sentiment.

• Broadcom’s results exceeded estimates, but its outlook weighed on semiconductor shares.
• Renewed U.S.-Iran hostilities and Strait of Hormuz risks are reinforcing caution toward high-growth technology stocks.
• The S&P 500, Nasdaq Composite, and Dow are higher, while semiconductor shares remain sensitive to elevated yields and AI-valuation concerns.