SOXX is trading at $629.50, down 1.76% in pre-market following a sharp two-day semiconductor rally into quarter-end.
- Tech stocks are retreating from recent AI-driven gains as S&P 500 and Nasdaq futures trade lower, despite continued momentum in Nvidia and chip demand.
- Market sentiment is pressured by geopolitical tensions and rich valuations following BIS warnings regarding potential AI overinvestment.