SOXX is trading at $536.89 (-2.81%) as investors rotate out of AI-linked semiconductors amid sector-wide valuation concerns and profit-taking.
- Traders are locking in gains following a strong rally in the chip sector, leading to broader semiconductor weakness and negative sentiment around valuations.
- The selloff is being reinforced by recent volatility across the semiconductor complex as capital rotates away from AI-related holdings.
- The decline reflects a broader shift in the active sector context, with the ETF seeing significant pressure during regular-session trading.