SOXX is trading 2% down today as the semiconductor sector faces renewed pressure from global sell-offs, concerns over heavy AI infrastructure spending, and new competition from China in advanced chipmaking tools.
- The decline extends a multi-day slide for the ETF, following a broader semiconductor rout that originated in Asian markets.
- Traders are showing muted risk appetite as they position ahead of high-stakes U.S. tech earnings and a pivotal Federal Reserve interest rate decision.
- Despite the sector-specific weakness, broader market indices are currently showing more resilience than the semiconductor space.