🔴 Semiconductor ETF (SOXX) is trading 2.3% down today as Treasury yields pressure high-growth chip stocks

SOXX is trading at $515.92, down -2.28%, as elevated long-term Treasury yields reduce the appeal of high-growth AI and chip stocks.

• The Philadelphia Semiconductor Index fell nearly 5% on August 18, extending the sector selloff.
• Rising oil prices and unresolved U.S.-Iran tensions intensified inflation concerns as investors await Federal Reserve minutes for rate-policy clues.
• Major chip declines confirm a broad sector rotation rather than a single-company catalyst.