🔴 Semiconductor ETF (SEMI.AX) is trading 3% down on AI and data-center oversight concerns

SEMI.AX is trading at A$31.26, down 3.01%, as concerns about tighter AI and data-center oversight pressured chipmakers.

• The Philadelphia Semiconductor Index fell 3.1% on November 4, according to Reuters, despite gains in the broader U.S. market.
• AMD’s strong growth outlook offered some support but did not offset sector pressure. Qualcomm and Arm also fell after-hours on weaker guidance, adding to mixed signals for chip stocks.