🔴 SNXX is trading 9.5% down today on semiconductor selloff and TSMC capex fears

SNXX is trading 9.5% down today as semiconductor and AI-related stocks sell off following renewed concerns about sector valuations.

• TSMC’s massive additional U.S. investment and higher capex forecast have intensified worries that the AI infrastructure boom may be overbuilt, pressuring the broader chip sector.
• As a 2x leveraged ETF tracking memory-chip equity exposure, SNXX is seeing amplified downside moves relative to the underlying semiconductor segment.