🔴 Semiconductor ETF (SOXX) is trading 9.16% down today as Intel’s revenue forecast missed expectations

SOXX is trading at $469.80, down 9.16%, after Intel’s fourth-quarter revenue forecast fell below analyst expectations.

• Intel forecast fourth-quarter revenue of $15–16 billion, below expectations despite beating third-quarter estimates, and warned of continuing PC-market weakness.
• Semiconductor shares broadly sold off as Intel’s outlook and Amazon’s results heightened concerns about AI spending and returns; Nvidia, Micron, and AMD also fell.