🔴 Semiconductor ETF (SEMI.AX) is trading 4.2% down as chip stocks slide on weak Intel guidance

SEMI.AX is trading at A$32.14, down 4.20%, as chip stocks fell broadly amid investor concerns over AI infrastructure spending and chip demand.

• On November 2, SOXX fell nearly 4%, while AMD and Micron dropped 7% and 6%.
• Intel fell another 9% after weak guidance and concerns about the PC market.
• AMD’s November 3 earnings added sector uncertainty; AMD is a substantial SEMI.AX holding at about 9.4%.