🔴 Semiconductor ETF (SOXX) is trading 2.79% down on October 29, 2026, as AI-spending returns face scrutiny

SOXX is trading at $510.07 (-2.79%) as mixed Big Tech results revived concerns about returns on heavy AI spending.

• Nvidia, AMD and Intel fell in premarket trading.
• Alphabet’s results and the focus on inflation data weighed on technology sentiment as investors assessed the Fed’s unchanged rates.
• Semiconductor shares declined despite strong SK Hynix results; available reporting points to broad tech pressure, not a single chip-sector earnings catalyst.