SOXX is trading 2.9% down today as investors rotate out of high-valuation semiconductor names amid a broader risk-off move in the sector.
- Global sentiment weakened following a sharp selloff in major South Korean chipmakers and profit-taking after SK Hynix’s U.S. listing.
- Cautious trading in U.S. index futures suggests a cooling period as investors reassess sector fundamentals after an extended rally in AI-linked stocks.