🔴 Tech ETF (SOXQ) is trading 8.08% down as AI spending concerns pressure chip stocks

SOXQ is trading at $83.85, down 8.08%, as concerns that AI infrastructure spending may not generate returns quickly enough weigh on chip stocks.

• Amazon’s continued high capital spending and Intel’s cash-burn warning intensified investor concerns.
• Reuters reported Nvidia and AMD also fell as the broader chip index dropped.
• Rising borrowing-cost concerns added pressure to AI buildout spending, while the Nasdaq fell to a near three-month low.