🔴 Semiconductor ETF (SOXX) is trading 5.75% down in pre-market as Intel’s weak outlook sparks chip selloff

SOXX is trading at $484.44, down 5.75%, as Intel’s weak fourth-quarter outlook, persistent PC weakness and manufacturing constraints weigh on chip sentiment.

• Intel shares fell 23% after hours.
• Investors questioned returns on heavy AI infrastructure spending after Alphabet results and Amazon’s report, pressuring Asian chip stocks and Nasdaq futures.
• Asian semiconductor names led declines, with the KOSPI falling more than 5%.