The semiconductor sector is experiencing a significant downturn as a global bond selloff pushes long-term Treasury yields to multi-year highs. This macroeconomic pressure is causing investors to re-evaluate the high valuations of growth-oriented chip stocks, which have been major beneficiaries of the AI-driven market rally. The iShares Semiconductor ETF (SOXX) is underperforming the broader technology market, with major constituents like Intel, NVIDIA, and AMD seeing notable declines. Rising oil prices and geopolitical tensions are further contributing to the negative market sentiment.