🔴 SOXX is trading 2.4% down today on valuation concerns and a sharp AI-chip selloff

SOXX is trading 2.4% down in pre-market as the semiconductor sector faces a sharp reversal following a strong first half of the year.

• Profit-taking is intensifying across AI and memory names amid mounting concerns over high valuations.
• Investors are questioning the long-term durability of the AI capital expenditure boom, dragging the broader chip sector lower.
• The decline continues a volatile stretch for the industry after an exceptionally strong period driven by AI demand.