🔴 PSI is trading 1.65% down in after-hours trading as investors reassess returns on AI spending

PSI is trading at $127.05, down 1.65%, as semiconductor stocks weaken amid reassessment of AI spending returns.

• Reuters reported the semiconductor sector was down 2.0% as investors reassessed returns on AI spending.
• Alphabet’s disappointing results and AI-related cash burn renewed concerns about AI investment costs and payoffs, weighing on technology shares broadly.
• PSI trading volume was below average; no PSI-specific company announcement was identified.