🟢 Semiconductor ETF (SOXS) is trading 8.52% up as Alphabet’s revenue miss revives AI-spending concerns

SOXS is trading at $42.56 (+8.52%) as weakness in chip shares supports the inverse semiconductor ETF.

• Alphabet’s revenue miss and negative $9.1 billion free cash flow renewed concerns about returns on AI spending, pressuring Intel, AMD and Broadcom.
• Samsung’s results also weighed on the AI trade.
• Nasdaq futures fell about 1.1%.