🔴 Semiconductor ETF (SOXL) is trading 8.3% down as Alphabet’s negative cash flow renews AI-return worries

SOXL is trading at $100.05, a change of -8.29%, as Alphabet’s revenue miss and $9.1 billion in negative free cash flow renewed worries about returns on AI spending.

• Semiconductor sentiment weakened after Samsung’s chip division missed profit expectations and its shares fell; Nasdaq futures dropped more than 1%.
• September PCE inflation was 3.6%, adding to concerns about a potentially hawkish Fed outlook.
• The sharp move followed several strong SOXL sessions, amplifying leveraged ETF volatility.